Synthomer PLC 56.3% potential upside indicated by Canaccord Genuity

Synthomer PLC with ticker (LON:SYNT) now has a potential upside of 56.3% according to Canaccord Genuity.

SYNT.L

Canaccord Genuity set a target price of 275 GBX for the company, which when compared to the Synthomer PLC share price of 176 GBX at opening today (21/10/2024) indicates a potential upside of 56.3%. Trading has ranged between 118 (52 week low) and 338 (52 week high) with an average of 595,396 shares exchanging hands daily. The market capitalisation at the time of writing is £287,878,800.

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). Its CCS segment offers a 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 the Company offers water-based polymers for medical gloves, and a European manufacturer of high-performance binders, foams and other products serving customers in a range of end markets. It operates 30 manufacturing sites across Europe, North America and Asia.