Synthomer PLC -27.2% potential downside indicated by Barclays

Synthomer PLC with ticker (LON:SYNT) now has a potential downside of -27.2% according to Barclays.



Barclays set a target price of 187 GBX for the company, which when compared to the Synthomer PLC share price of 257 GBX at opening today (29/09/2023) indicates a potential downside of -27.2%. Trading has ranged between 14 (52 week low) and 301 (52 week high) with an average of 10,368,749 shares exchanging hands daily. The market capitalisation at the time of writing is £56,426,123.

Synthomer plc is a supplier of specialty polymers and ingredients for coatings, construction, adhesives, and healthcare end markets. The Company’s segments include Coatings & Construction Solutions (CCS), Adhesive Solutions (AS), and Health & Protection and Performance Materials (HPPM). Coatings & Construction Solutions (CCS) segment offers a wide range of coatings and construction products. It works across architectural and masonry coatings, mortar modification, waterproofing and flooring, fiber bonding, and energy solutions. Its adhesive solutions bond, modify and components for products including tapes and labels, packaging, hygiene, tires and plastic modification, helping improve permeability, strength, elasticity, damping, dispersion and grip. Its HPPM segment help enhance protection and performance in a wide range of industries including medical glove manufacture, specialty paper, food packaging, carpet and artificial turf, gel foam elastomers, and vinyl-coated seating fabrics.