By Michele Maatouk
Date: Monday 06 Dec 2021
LONDON (ShareCast) - (Sharecast News) - Synthomer tumbled on Monday after Morgan Stanley downgraded the shares to 'underweight' from 'overweight' and slashed the price target to 400p from 568p.
The bank cited a sharp deterioration in the supply outlook and associated risk of faster-than-expected normalisation in earnings.
"We believe this, combined with volume risks, a management transition and rising leverage, leaves risks skewed to the downside," it said.
At 1000 GMT, the shares were down 8.4% at 435p.
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Currency | UK Pounds |
Share Price | 288.00p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 811.74 |
52 Week Low | 122.50 |
Volume | 0 |
Shares Issued | 163.57m |
Market Cap | £471.07m |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
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Latest | Previous | |
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Interim | Final | |
Ex-Div | n/a | 01-Jun-22 |
Paid | n/a | 05-Jul-22 |
Amount | 0.000p | 21.30p |
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