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Prices & Quotes - UK Markets - Synthomer (SYNT)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 519.50p
Change Today:
-15.00p
Market Cap:
2,207.10m
Sector:
Chemicals

Berenberg raises target price on Synthomer

By Iain Gilbert

Date: Monday 17 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg raised their target price on chemicals group Synthomer from 330.0p to 370.p on Monday, stating the company's mix following its acquisition of Omnova in April was "surprisingly resilient".
Berenberg said Synthomer's first-half results delivered "a smooth riposte to bears", who had previously argued that the company's cyclical business mix warranted a discount to the wider sector and that its equity story was "overly dependent" on mergers and acquisitions.

The German bank pointed out that adjusted pre-tax profits of 58.0m was a 10% beat versus consensus expectations, driven primarily by the group's legacy business in the construction-and-coatings-focused functional solutions segment.

"The underperformance of the shares relative to construction and coatings plays like Sika, AkzoNobel and Sherwin-Williams (up by circa 20% year-to-date versus down by 10% for Synthomer) is likely to be short-lived, especially as Q2 exit volumes in several areas are approaching normalised levels," said the analysts, who also remained buyers of the stock.

"Synthomer, in our view, combines the virtues of an undemanding valuation, high free cash flow yield, above-sector returns and additional upside from M&A."

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Synthomer Market Data

Currency UK Pounds
Price 519.50p
Change Today -15.00p
52 Week High 552.00p
52 Week Low 269.40p
Volume 1,238,901
Shares Issued 424.85m
Market Cap 2,207.10m

Performance Indicators

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What The Brokers Say

Strong Buy 9
Buy 1
Neutral 4
Sell 0
Strong Sell 0
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Synthomer Dividends

  Latest Previous
  Final Interim
Ex-Div 03-Jun-21 22-Oct-20
Paid 05-Jul-21 10-Nov-20
Amount 8.60p 3.00p

Trades for 18-Jun-2021

Time Volume / Share Price
16:57 219 @ 519.50p
16:47 635 @ 519.50p
16:46 219 @ 519.50p
16:35 702,670 @ 519.50p
16:29 180 @ 522.00p

Synthomer Key Personnel

CEO Calum MacLean
CFO Steve Bennett