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The latest update is out from Synthomer ( (GB:SYNT) ).
Synthomer plc has appointed Peel Hunt LLP as a joint corporate broker alongside its existing broker, J.P. Morgan Cazenove. This strategic move aims to bolster Synthomer’s market positioning and enhance its investor relations efforts, potentially impacting its operations and stakeholder engagement positively.
The most recent analyst rating on (GB:SYNT) stock is a Hold with a £1.12 price target. To see the full list of analyst forecasts on Synthomer stock, see the GB:SYNT Stock Forecast page.
Spark’s Take on GB:SYNT Stock
According to Spark, TipRanks’ AI Analyst, GB:SYNT is a Neutral.
Synthomer’s overall stock score is primarily impacted by its weak financial performance and concerning valuation metrics. While there is some short-term technical strength, the long-term outlook remains challenging due to financial instability and lack of profitability. Investors should be cautious given the high financial risk and uncertain growth prospects.
To see Spark’s full report on GB:SYNT stock, click here.
More about Synthomer
Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients, serving key sectors such as coatings, construction, adhesives, and health and protection. With a global presence and a focus on innovation and sustainability, Synthomer operates through three divisions and collaborates with customers to develop products that meet the demands of global megatrends.
Average Trading Volume: 1,001,185
Technical Sentiment Signal: Strong Sell
Current Market Cap: £100.6M
See more insights into SYNT stock on TipRanks’ Stock Analysis page.