Berenberg hikes target price on Synthomer
6th Oct 2023 09:14
(Sharecast News) - Analysts at Berenberg upped their target price on chemicals firm Synthomer from 115.0p to 400.0p on Friday, stating the group's balance sheet had now been "repaired".
Read moreLondon close: Stocks mixed as weaker pound lifts FTSE 100
7th Sep 2023 15:57
(Sharecast News) - London's stock market presented a mixed close on Thursday, with the bourse's top-flight index ending in positive territory, buoyed by a weakening pound.
Read moreSynthomer tumbles on rights issue after weak first half
7th Sep 2023 07:18
(Sharecast News) - Shares in specialty chemicals firm Synthomer were well into the red on Thursday morning, after the company announced a £276m rights issue alongside a fall in first-half revenue and earnings.
Read moreSynthomer reports resilience as demand remains subdued
18th Jul 2023 08:17
(Sharecast News) - Specialty chemicals company Synthomer reported resilient trading in an update on Tuesday, despite a tough market amid a depression in customer demand.
Read moreSynthomer trading in line with management expectations
16th May 2023 08:30
(Sharecast News) - Synthomer said on Tuesday that trading in the first four months of the year has been "broadly consistent" with the board's expectations, reflecting "the continued challenging macroeconomic conditions" described in its full-year results in March.
Read moreSynthomer strikes new revolving credit facility agreement
21st Mar 2023 08:02
(Sharecast News) - Chemicals company Synthomer revealed on Tuesday that it has struck an agreement on a new revolving credit facility.
Read moreSynthomer sees lower rubber glove production into 2023; FY in line
31st Jan 2023 07:41
(Sharecast News) - UK chemicals company Synthomer it still expected low rubber product output levels to continue this year as tough economic conditions persisted into the final quarter of 2022.
Read moreBerenberg slightly raises target price on Synthomer
21st Dec 2022 09:22
(Sharecast News) - Analysts at Berenberg slightly raised their target price on chemicals firm Synthomer from 160.0p to 170.0p on Wednesday as it said 2023 should bring an end to the stock's downgrade cycle and some much-appreciated balance-sheet relief.
Read moreSynthomer sells laminates business for £208m
13th Dec 2022 07:33
(Sharecast News) - Synthomer shares surged on Tuesday as the company sold its laminates, films and coated fabrics businesses to Surteco North America for $255m (£208m), with the proceeds going towards debt reduction.
Read moreCanaccord Genuity lowers target price on Synthomer
1st Dec 2022 14:13
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on specialty chemicals company firm Synthomer from 350.0p to 250.0p on Thursday following the group's capital markets day.
Read moreSynthomer fined less than expected over styrene purchasing
29th Nov 2022 12:05
(Sharecast News) - Synthomer shares were in the green on Tuesday, after the fine issued by the European Commission over styrene monomer purchasing practices came in below what it had made provisions for.
Read moreBerenberg upgrades Synthomer to 'buy' on announcement of covenant relief
21st Oct 2022 12:03
(Sharecast News) - Analysts at Berenberg upgraded their recommendation for shares of Synthomer from 'hold' to 'buy' on valuation grounds, telling clients that some of the biggest risks were set to ease.
Read moreSynthomer suspends dividend payments, shares tumble
12th Oct 2022 08:28
(Sharecast News) - Synthomer said on Wednesday that it has suspended dividend payments until the end of 2023, sending shares in the chemicals company tumbling.
Read moreSynthomer warns on full-year profits
29th Sep 2022 07:36
(Sharecast News) - Synthomer warned on profits on Thursday as it noted that macroeconomic conditions have deteriorated further since August, with post-Covid customer de-stocking set to last until at least the end of next year.
Read moreSynthomer profits drop as elastomers segment falters
2nd Aug 2022 08:19
(Sharecast News) - Synthomer reported a drop in interim pre-tax profit on Tuesday but struck a confident note on the outlook as it said all segments had grown apart from the elastomers arm.
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