Specialist chemicals maker Synthomer said it had been included in a European Commission anti-trust probe into practices relating to the purchase of styrene monomer in the European Economic Area.
(WebFG News) - Synthomer updated the market on its trading in the first quarter on Thursday, reporting that its Europe and North America segment delivered another solid performance.
Greencore Group plc: Berenberg reiterates buy with a target price of 225p.
Credit Suisse upgraded its view of Synthomer and increased the speciality chemical company's target price as it sees negative risks surrounding oversupply and raw material pricing have started to abate.
Standard Life Aberdeen: Deutsche Bank upgrades to buy with a target price of 440p.
ITV: Barclays downgrades to equal weight with a target price of 180p.
Chemicals business Synthomer said full year underlying profit before tax increased to £130m from £122.2m after hitting record revenues.
Synthomer announced on Thursday that it has successfully completed the acquisition of the BASF Austrian SBR business and assets, as initially announced in September last year.
Speciality chemicals company Synthomer has sold its Leuna site in Germany to Alberdingk Boley Gmbh for an undisclosed price.
South32: Deutsche Bank downgrades to Sell with a target price of 170p.
Plastics maker Synthomer said volumes of sales in the third quarter remained flat on last year and that it continued to hunt for acquisition opportunities.
Speciality chemical company Synthomer said it had bought BASF's Austrian styrene butadiene rubber business for 30m (£26.31m).
Greggs: Berenberg upgrades to Buy with a target price of 1020p.
Revenue surged in the first half at chemicals business Synthomer, it reported on Tuesday, rising 64.8% at constant currency to £770.3m, as its volumes rose 17.5% to 730.2 ktes.
Halma: HSBC downgrades to Hold with a target price of 1200p.
Specialist chemical group Synthomer said on Thursday that it continues to trade in line with the board's expectations as it reiterated it 2017 expectations.
Analysts at Barclays expect the European chemicals sector to post one of its strongest first quarters in some time, thanks to pre-buying as prices for raw materials rise and after product spreads widened to "remarkable" levels over the first three months of 2017.
Stock Spirits: Numis upgrades to Add with a target price of 200p.
Chemicals company Synthomer reported a second consecutive year of record profits with a rise in pre-tax earnings following strong performances in Europe and North America.
BT: Barclays reiterates overweight with a target price of 475p.