Synthomer PLC (LON:SYNT) announced a dividend on Tuesday, August 8th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 5th will be given a dividend of GBX 3.70 ($0.05) per share on Monday, November 6th. This represents a yield of 0.76%. The ex-dividend date is Thursday, October 5th. The official announcement can be seen at this link.
Synthomer PLC (LON SYNT) traded down 0.23% during mid-day trading on Friday, reaching GBX 473.40. 232,598 shares of the company’s stock were exchanged. The stock’s market cap is GBX 1.61 billion. Synthomer PLC has a one year low of GBX 339.60 and a one year high of GBX 516.37. The stock has a 50-day moving average of GBX 485.80 and a 200-day moving average of GBX 479.98.
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In other news, insider Calum MacLean purchased 3,424 shares of Synthomer PLC stock in a transaction that occurred on Thursday, July 6th. The shares were bought at an average cost of GBX 497 ($6.45) per share, with a total value of £17,017.28 ($22,091.76). Also, insider Alexander G. Catto sold 950,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of GBX 497 ($6.45), for a total value of £4,721,500 ($6,129,430.09).
SYNT has been the subject of several recent research reports. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 460 ($5.97) price objective on shares of Synthomer PLC in a research report on Thursday, April 27th. J P Morgan Chase & Co boosted their price objective on Synthomer PLC from GBX 368 ($4.78) to GBX 440 ($5.71) and gave the company a “neutral” rating in a research report on Wednesday, June 14th. Barclays PLC boosted their price objective on Synthomer PLC from GBX 495 ($6.43) to GBX 507 ($6.58) and gave the company an “overweight” rating in a research report on Thursday, July 13th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 525 ($6.82) price objective on shares of Synthomer PLC in a research report on Monday, July 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 500 ($6.49) price objective on shares of Synthomer PLC in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Synthomer PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 467.69 ($6.07).
About Synthomer PLC
Synthomer Plc is a specialty chemical company. The Company supplies aqueous polymers in various markets, including paper, carpet and foam, construction and coating, functional polymers, health and protection, specialties and other. It operates in segments, including Europe and North America and Asia and Rest of World.
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