Posted by admin on Aug 17th, 2022

Shares of Synthomer plc (LON:SYNT – Get Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 278.83 ($3.37) and traded as low as GBX 204.40 ($2.47). Synthomer shares last traded at GBX 206.60 ($2.50), with a volume of 670,139 shares trading hands.

Several research analysts have weighed in on SYNT shares. Berenberg Bank lowered their target price on Synthomer from GBX 350 ($4.23) to GBX 275 ($3.32) and set a “hold” rating on the stock in a research note on Thursday, August 4th. JPMorgan Chase & Co. reduced their price target on Synthomer from GBX 430 ($5.20) to GBX 350 ($4.23) and set a “neutral” rating for the company in a report on Wednesday, August 3rd. Finally, Barclays reissued an “equal weight” rating and issued a GBX 323 ($3.90) price target on shares of Synthomer in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 445.50 ($5.38).

The firm has a market cap of £965.52 million and a PE ratio of 1,087.37. The company has a debt-to-equity ratio of 114.88, a current ratio of 1.60 and a quick ratio of 0.97. The stock has a 50-day moving average price of GBX 233.69 and a 200 day moving average price of GBX 278.83.

The company also recently declared a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be given a dividend of GBX 4 ($0.05) per share. This represents a yield of 1.7%. The ex-dividend date is Thursday, October 6th. Synthomer’s dividend payout ratio (DPR) is presently 157.89%.

In related news, insider Roberto Gualdoni acquired 20,000 shares of Synthomer stock in a transaction on Tuesday, August 2nd. The shares were bought at an average price of GBX 214 ($2.59) per share, for a total transaction of £42,800 ($51,715.80). In other Synthomer news, insider Lily Liu purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average price of GBX 193 ($2.33) per share, for a total transaction of £3,860 ($4,664.09). Also, insider Roberto Gualdoni purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was acquired at an average price of GBX 214 ($2.59) per share, for a total transaction of £42,800 ($51,715.80). Over the last 90 days, insiders bought 92,000 shares of company stock valued at $17,896,000.

Synthomer plc operates as a specialty chemicals company. It operates through four segments: Performance Elastomers, Functional Solutions, Industrial Specialities, and Acrylate Monomers. The company offers pressure sensitive adhesives, acrylic polymers, acrylic dispersions, saturants, release coatings, and other adhesives; water-based carboxylated styrene butadiene rubber, redispersible powder, flooring adhesive, and additives for construction applications; and impregnation binders, styrene butadiene copolymers, dispersions, polymer binders, and butadiene-based binders for textiles applications.

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