Posted by admin on Jul 1st, 2022
Synthomer plc (LON:SYNT – Get Rating) shares hit a new 52-week low on Wednesday . The company traded as low as GBX 233.60 ($2.87) and last traded at GBX 233.80 ($2.87), with a volume of 167537 shares changing hands. The stock had previously closed at GBX 240.80 ($2.95).
SYNT has been the topic of a number of research reports. Barclays downgraded shares of Synthomer to an “equal weight” rating and cut their target price for the company from GBX 420 ($5.15) to GBX 323 ($3.96) in a research report on Thursday, June 16th. Canaccord Genuity Group cut their target price on shares of Synthomer from GBX 750 ($9.20) to GBX 575 ($7.05) and set a “buy” rating on the stock in a research report on Thursday, March 10th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 350 ($4.29) price objective on shares of Synthomer in a research report on Wednesday, March 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 514 ($6.31).
The business’s 50-day moving average price is GBX 287.23 and its 200-day moving average price is GBX 318.05. 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 stock has a market cap of £1.04 billion and a PE ratio of 468.75.
In related news, insider Steve Bennett bought 6,314 shares of the stock in a transaction that occurred on Monday, April 4th. The stock was bought at an average cost of GBX 309 ($3.79) per share, for a total transaction of £19,510.26 ($23,936.03). Also, insider Holly Van Deursen bought 9,000 shares of the stock in a transaction that occurred on Tuesday, May 3rd. The stock was bought at an average price of GBX 308 ($3.78) per share, with a total value of £27,720 ($34,008.10).
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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