Insider Buying: Synthomer plc (LON:SYNT) Insider Buys 70,000 Shares of Stock | MarketBeat

2022-08-08 12:14:59 By : Ms. Lucky Chen

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Synthomer plc (LON:SYNT - Get Rating) insider Michael Willome bought 70,000 shares of Synthomer stock in a transaction dated Thursday, August 4th. The shares were purchased at an average cost of GBX 189 ($2.32) per share, for a total transaction of £132,300 ($162,112.49). Synthomer Price Performance

SYNT stock traded down GBX 5.01 ($0.06) during trading on Thursday, hitting GBX 187.59 ($2.30). The company had a trading volume of 4,723,418 shares, compared to its average volume of 1,152,781. Synthomer plc has a fifty-two week low of GBX 183.70 ($2.25) and a fifty-two week high of GBX 570.50 ($6.99). The company has a current ratio of 1.91, a quick ratio of 1.43 and a debt-to-equity ratio of 64.18. The firm has a market capitalization of £876.68 million and a price-to-earnings ratio of 391.04. The business has a 50 day moving average of GBX 252.48 and a 200 day moving average of GBX 289.86. Synthomer Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, October 6th will be issued a GBX 4 ($0.05) dividend. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 1.7%. Synthomer's dividend payout ratio is 62.50%. Analysts Set New Price Targets

A number of research analysts have recently commented on SYNT shares. Berenberg Bank reduced their target price on shares of Synthomer from GBX 350 ($4.29) to GBX 275 ($3.37) and set a "hold" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Synthomer from GBX 430 ($5.27) to GBX 350 ($4.29) and set a "neutral" rating for the company in a research note on Wednesday. Finally, Barclays restated an "equal weight" rating and issued a GBX 323 ($3.96) price target on shares of Synthomer in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Synthomer currently has a consensus rating of "Hold" and a consensus price target of GBX 484.13 ($5.93).About Synthomer (Get Rating)

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.See AlsoChipotle Mexican Grill Or Shake Shak? Which Is The Tastier Play Activision Blizzard Banks On A Flurry Of New Content Energy Transfer Is A Value Among High-Yield Energy InfrastructureWarner Brothers Discovery is a Powerhouse Entertainment PlayThe Institutions Are Buying Under Armor Again

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