The Synthomer share price is down today after the company announced it would be cutting jobs and closing factories. The move comes as a response to falling demand for its products, which are used in a variety of industries including construction, automotive, and packaging. While the company says the cuts are necessary to remain competitive, investors are clearly worried about the future of the business.
The Synthomer share price has been on the rise in recent months, reaching a 52-week high of £7.35 on the London Stock Exchange. The company is a global leader in synthetic latex and rubber, with operations in over 40 countries. Its products are used in a wide range of industries, from construction and automotive to healthcare and electronics.
Investors have been bullish on Synthomer due to its strong financial performance in recent years. The company reported revenues of £2.1 billion in 2020, up from £1.9 billion in 2019. Adjusted operating profits also rose from £205 million to £229 million over the same period.
This was driven by higher demand for its products across all of its key markets. Looking ahead, Synthomer is well-positioned to continue growing its business. It has a robust pipeline of new products and is investing heavily in research & development to drive future growth.
Synthomer Share Price Forecast
If you’re looking for a detailed Synthomer share price forecast, you’ve come to the right place. In this post, we’ll take a close look at what analysts are saying about the company’s stock and where they see it headed in the future.
First, let’s start with a brief overview of Synthomer.
The company is a leading global producer of synthetic polymer materials, used in everything from paints and coatings to construction materials and adhesives. It has operations in over 20 countries and employs around 4,000 people. Now let’s see what analysts are saying about Synthomer’s share price.
Overall, the consensus seems to be that the stock is undervalued at its current level and that there is significant upside potential. Specifically, most analysts have target prices well above the current share price of around £3.50 ($4.60). For example, Barclays has a target price of £5 ($6.50), while Berenberg has a target price of £6 ($7.80).
So there you have it – if you’re looking for a detailed Synthomer share price forecast, analysts believe there is significant upside potential from current levels.
What is Synthomer’S Share Price?
Synthomer is a leading global supplier of synthetic latex, which is used in a variety of products including adhesives, paints, and coatings. Synthomer’s share price is currently £8.22 GBP.
How Can I Buy Synthomer Shares?
If you’re looking to buy Synthomer shares, there are a few things you’ll need to do. First, you’ll need to find a broker that offers access to the London Stock Exchange, where the company is listed. Once you’ve found a broker, you can open an account and deposit funds.
Once your account is funded, you can place an order to buy Synthomer shares.
What Factors Influence Synthomer’S Share Price?
There are many factors that influence Synthomer’s share price. The company is a global chemical company that produces a range of polymers, including latex, for use in a variety of industries. Latex is used in products such as gloves, condoms, and balloons.
It is also used in adhesives, coatings, and sealants. The demand for these products can be affected by changes in the global economy. For example, if there is a recession, people may spend less money on discretionary items like latex gloves or balloons.
This could lead to lower sales and profits for Synthomer, which would likely cause its share price to fall. Other factors that could affect Synthomer’s share price include changes in raw material prices (such as the cost of oil), competition from other companies selling similar products, and political instability in countries where the company operates.
SYNTHOMER | Chemicals Company | UK Dividend Stock
Synthomer, a British chemical company, has seen its share price increase by over 50% in the last year. This is thanks to strong demand for its products, which are used in a variety of industries including construction, automotive and papermaking. The company is well-positioned to benefit from continued global economic growth, and analysts expect its share price to continue to rise.