Synthomer PLC 11.2% potential upside indicated by Berenberg Bank

Synthomer PLC with ticker (LON:SYNT) now has a potential upside of 11.2% according to Berenberg Bank.



Berenberg Bank set a target price of 410 GBX for the company, which when compared to the Synthomer PLC share price of 364 GBX at opening today (01/02/2022) indicates a potential upside of 11.2%. Trading has ranged between 358 (52 week low) and 571 (52 week high) with an average of 1,094,546 shares exchanging hands daily. The market capitalisation at the time of writing is £1,731,947,615.

Synthomer Plc is a chemicals company and suppliers of sustainable water-based polymer solutions. The Company’s Performance Elastomers segment is focused on healthcare, paper, carpet and foam markets through its water-based Nitrile Butadiene Rubber latex (NBR) and Styrene Butadiene Rubber latex (SBR) products and also includes the Performance Materials and Elastomeric Modifiers businesses. Its Functional Solutions segment is focused on coatings, construction, adhesives and technical textiles markets through its water-based acrylic and vinylic based dispersions products. Its Industrial Specialities segment is focused on specialty chemical additives and non-water-based chemistry for a range of applications from polymer additives and laminates and films to emerging materials and technologies. Its Acrylate Monomers is focused on the production of acrylate monomers, which are sold to external customers in European markets as well as its European Functional Solutions dispersions business.