Berenberg downgrades Synthomer to 'hold', lowers target price
13th Mar 2025 12:24
(Sharecast News) - Analysts at Berenberg downgraded speciality chemicals firm Synthomer from 'buy' to 'hold' on Thursday and cut its target price on the stock from 230.0p to 150.0p, stating the "margin of safety" was now "too thin".
Read moreSynthomer swings to positive full-year free cash flow
11th Mar 2025 07:25
(Sharecast News) - Synthomer sounded a positive note on the outlook, despite having swung to negative free cash flow on a full-year basis.
Read moreSynthomer expects further profit growth despite mixed demand
28th Jan 2025 08:06
(Sharecast News) - Chemicals group Synthomer pleased investors with "robust" results for 2024 despite some challenging end markets, with full-year figures expected to meet market expectations and further earnings growth predicted for 2025.
Read moreBerenberg cuts target price for Synthomer, but stays at 'buy'
7th Jan 2025 09:47
(Sharecast News) - Shares in Synthomer were trading lower on Tuesday after Berenberg lowered its target price for the chemicals stock on the back of a subdued market outlook.
Read moreSynthomer trades broadly in line with expectations in Q3
31st Oct 2024 08:04
(Sharecast News) - Chemicals business Synthomer said on Thursday that overall Q3 trading was broadly in line with internal expectations as continuing group volumes improved from historically low levels.
Read moreBerenberg lowers target price on Synthomer
14th Aug 2024 10:10
(Sharecast News) - Analysts at Berenberg lowered their target price on chemicals company Synthomer from 375.0p to 340.0p on Wednesday after the group's interim earnings "delivered both grounds for hope and reasons for caution".
Read moreLondon close: Stocks finish positive ahead of key inflation data
13th Aug 2024 14:51
(Sharecast News) - London stocks closed higher on Tuesday, as investors digested the latest UK jobs data and anticipated upcoming inflation reports from both the UK and the US.
Read moreSynthomer reports in line 1H trading, reiterates full-year guidance
13th Aug 2024 07:09
(Sharecast News) - Synthomer reported growth in revenues, earnings and underlying earnings per share over the first half of 2024 and reiterated its full-year guidance.
Read moreSynthomer first-quarter trading in line
9th May 2024 08:02
(Sharecast News) - Chemicals company Synthomer said on Thursday that first-quarter trading was in line with its expectations at the start of the year and that it continues to expect to make some earnings progress in 2024.
Read moreSynthomer points to "encouraging" Q1 after tough 2023
12th Mar 2024 07:50
(Sharecast News) - Polymers group Synthomer missed its own revenue targets for 2023 after a downturn in many of its end markets, but said that trading since the year-end has been "cautiously encouraging", causing shares to surge on Tuesday morning.
Read moreCanaccord Genuity lowers target price on Synthomer
14th Feb 2024 09:11
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on chemicals business Synthomer from 350.0p to 300.0p on Wednesday as it effectively pushed out its expectations for the group's recovery by 12 months.
Read moreSynthomer misses 2023 forecasts but cuts debt more than expected
30th Jan 2024 08:56
(Sharecast News) - Synthomer, the specialised chemical products group, has confirmed that both revenues and profits fell in 2023 but strong cash generation meant that net debt was lower than expected.
Read moreBerenberg lowers target price on Synthomer
12th Jan 2024 10:05
(Sharecast News) - Analysts at Berenberg lowered their target price on chemicals business Synthomer from 400.0p to 320.0p on Friday as it lowered its operating profit expectations for 2023-25.
Read moreSynthomer trading as expected despite some slowing demand
15th Nov 2023 08:55
(Sharecast News) - Synthomer updated the market on its trading from 7 September to 31 October on Wednesday, reporting that its overall trading aligned with expectations.
Read moreDirector dealings: Synthomer CFO raises stake
17th Oct 2023 15:30
(Sharecast News) - Synthomer revealed on Tuesday that chief financial officer Lily Liu had purchased 20,000 ordinary shares in the FTSE 250-listed chemicals business.
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