Deutsche Bank hikes target price on Synthomer

23rd Jun 2026 15:29

(Sharecast News) - Deutsche Bank raised its price target on Synthomer to 92p from 62p on Tuesday, but kept its 'hold' rating, saying trading momentum and portfolio performance continued to improve.

The broker said the Synthomer's AGM update confirmed strong revenue and underlying earnings growth in the first quarter, with margins ahead of the prior year and trading accelerating through April and May. It added that Synthomer's 'in‑region for region' operating model was helping the business navigate supply‑chain volatility linked to the Iran conflict.

Deutsche Bank highlighted particularly strong delivery in the coatings and construction solutions division, which drove growth in volumes, revenue and EBITDA over the first five months of 2026. Adhesive solutions was described as stable, while HPPM saw a slower start to the year.

The German bank said the update supported its view that operational progress was continuing across the portfolio.

Reporting by Iain Gilbert at Sharecast.com