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Synthomer ( (GB:SYNT) ) has issued an announcement.
Synthomer plc has announced an extension of its covenant relaxation period with its banking syndicate through the end of 2026, due to weaker macroeconomic conditions and geopolitical uncertainties. This extension provides Synthomer with additional financial flexibility to navigate these challenges and positions the company for a recovery in earnings in the medium term, potentially impacting its operational stability and market positioning positively.
The most recent analyst rating on (GB:SYNT) stock is a Buy with a £275.00 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 driven primarily by weak financial performance and valuation concerns. However, positive corporate events such as board enhancements and strategic divestments offer potential for improved future stability. Technical analysis indicates moderate strength, but further improvement in profitability and cash management is crucial.
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. Headquartered in London, UK, the company operates 29 manufacturing sites across Europe, North America, the Middle East, and Asia, employing approximately 3,900 people. Synthomer focuses on creating innovative and sustainable solutions, with a significant portion of its sales from new and patent-protected products. The company is committed to sustainability, holding the London Stock Exchange Green Economy Mark and aiming to meet the Paris Agreement’s goals through its 2030 decarbonisation targets.
Average Trading Volume: 783,115
Technical Sentiment Signal: Sell
Current Market Cap: £181.9M
For detailed information about SYNT stock, go to TipRanks’ Stock Analysis page.