Synthomer PLC 36.7% potential upside indicated by Canaccord Genuity

Synthomer PLC with ticker (LON:SYNT) now has a potential upside of 36.7% according to Canaccord Genuity.



Canaccord Genuity set a target price of 750 GBX for the company, which when compared to the Synthomer PLC share price of 475 GBX at opening today (02/12/2021) indicates a potential upside of 36.7%. Trading has ranged between 414 (52 week low) and 571 (52 week high) with an average of 1,025,455 shares exchanging hands daily. The market capitalisation at the time of writing is £2,212,368,595.

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. It offers various products, including nitrile butadiene rubber for product areas, such as medical gloves and other dipped latex products; styrene butadiene rubber for product areas, such as packaging, bindings for carpet, foams for mattresses, pillows and shoes, as well as compounds for carpet backing and high solid latex applications; specialties for product areas, such as automotive sound dampening, polyvinyl chloride, polyester resins for powder coatings, catalysts, flame retardants and monomers, and dispersions for product areas, such as cement modification, primers, flooring adhesives, flexible roof coatings, emulsion and specialist paints, coatings and oilfields.