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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 542.00p
Change Today:
-1.50p
Market Cap:
2,302.69m
Sector:
Chemicals

Canaccord Genuity raises target price on Synthomer

By Iain Gilbert

Date: Monday 01 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity raised their target price on Synthomer from 425.0p to 550.0p on Monday after the group reported "robust" fourth-quarter figures last month.
Canaccord said Synthomer's recent results indicated strength in all its major markets and also pointed to a particularly solid rebound in styrene-butadiene rubber and multiple consumer-facing markets.

The Canadian bank stated that assuming recent strong margins continue through 2021, which it now believes to be likely, earnings will also be "much stronger" than its previous estimates.

Canaccord said it estimates that around 45% of this year's underlying earnings will come from Synthomer's nitrile business, with the balance being widely spread across end markets.

"The result is a significant increase in our earnings expectations: we are increasing EPS by an average of 30% from 2021E onwards," said the analysts, which also reiterated their 'buy' rating on the stock.

"We see management change, in the form of the scheduled retirement of well-regarded CEO Calum McLean, as a normal evolution and see the group in good shape for whoever is to replace him," concluded Canaccord.

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Synthomer Market Data

Currency UK Pounds
Price 542.00p
Change Today -1.50p
52 Week High 552.00p
52 Week Low 269.40p
Volume 192,386
Shares Issued 424.85m
Market Cap 2,302.69m

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 15-Jun-2021

Time Volume / Share Price
11:30 294 @ 542.00p
11:30 250 @ 542.00p
11:30 1 @ 542.50p
11:24 884 @ 542.21p
11:14 250 @ 542.50p

Synthomer Key Personnel

CEO Calum MacLean
CFO Steve Bennett