Synthomer PLC 32.6% potential upside indicated by Berenberg Bank

Synthomer PLC with ticker (LON:SYNT) now has a potential upside of 32.6% according to Berenberg Bank.



Berenberg Bank set a target price of 140 GBX for the company, which when compared to the Synthomer PLC share price of 106 GBX at opening today (26/05/2023) indicates a potential upside of 32.6%. Trading has ranged between 83 (52 week low) and 336 (52 week high) with an average of 1,088,853 shares exchanging hands daily. The market capitalisation at the time of writing is £468,738,022.

Synthomer plc is a specialty chemicals company. Its segments include Performance Elastomers (PE), Functional Solutions (FS), Industrial Specialities (IS) and Acrylate Monomers (AM). PE segment is focused on healthcare, paper, carpet and foam markets through its water-based nitrile butadiene rubber latex and styrene butadiene rubber latex products and includes its performance materials and elastomeric modifiers businesses. FS segment is focused on coatings, construction, adhesives and technical textiles markets, through its water-based acrylic and vinylic-based dispersions products. IS segment is focused on specialty chemical additives and non-water-based chemistry for a range of applications from polymer additives to emerging materials and technologies. AM segment is focused on the production of acrylate monomers for external customers in European markets, as well as for its European Functional Solutions dispersions business. It is also engaged in the Adhesive Technologies segment.