Synthomer (SYNT.L) 03-03-20
Will Synthomer (SYNT.L) shares break below the 282p support, or return to highs of 365p (+28%)?
- Currently close to the 282p support at 285p (at time of writing).
- This has been identified for ostensibly strong support level. Traders should consider whether they think it will hold up again.
- Will the price bounce again to recent highs at 365p? (+28%).
- Technical traders should consider potential news and developments. Check our website and the press for updates in future.
- Shares -27% from 12-month highs; +2% from 12 month lows.
Latest News
19 Feb: Peel Hunt has downgraded its rating on Synthomer (SYNT) to hold (from buy) and reduced the target price to 360p (from 375p).
22 Jan: UBS reiterates its neutral rating on Synthomer (SYNT) and increased the target price to 315p (from 290p).
15 Jan: Synthomer, the chemicals company, announced that its proposed $455m acquisition of Omnova Solutions had obtained the go-ahead from the European Commission. However, the condition is that it sells its latex business in Germany.
20 Dec: Deutsche Bank reiterates its buy rating on Synthomer (SYNT) and increased the target price to 410p (from 340p).
16 Dec: Jefferies International today initiates coverage of Synthomer (SYNT) with a buy rating and target price of 375p.
12 Dec: JP Morgan Cazenove has upgraded its rating on Synthomer (SYNT) to neutral (from underweight) and reduced the target price to 300p (from 375p).
31 Oct: Deutsche Bank reiterates its buy rating on Synthomer (SYNT) and reduced the target price to 340p (from 375p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires