Posted by admin on Jul 8th, 2022
Synthomer plc (LON:SYNT – Get Rating) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 312.26 ($3.78) and traded as low as GBX 230.60 ($2.79). Synthomer shares last traded at GBX 234.80 ($2.84), with a volume of 1,035,288 shares trading hands.
A number of research firms have commented on SYNT. Berenberg Bank restated a “hold” rating and issued a GBX 350 ($4.24) price objective on shares of Synthomer in a research note on Wednesday, March 23rd. Canaccord Genuity Group dropped their price target on shares of Synthomer from GBX 750 ($9.08) to GBX 575 ($6.96) and set a “buy” rating on the stock in a research note on Thursday, March 10th. Finally, Barclays lowered shares of Synthomer to an “equal weight” rating and dropped their price target for the stock from GBX 420 ($5.09) to GBX 323 ($3.91) in a research note on Thursday, June 16th. 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 company’s stock. According to data from MarketBeat.com, Synthomer currently has a consensus rating of “Hold” and a consensus price target of GBX 514 ($6.22).
The company has a debt-to-equity ratio of 64.18, a current ratio of 1.91 and a quick ratio of 1.43. The firm’s 50-day simple moving average is GBX 280.82 and its two-hundred day simple moving average is GBX 312.26. The company has a market capitalization of £1.10 billion and a price-to-earnings ratio of 489.17.
In other Synthomer news, insider Holly Van Deursen purchased 9,000 shares of Synthomer stock in a transaction on Tuesday, May 3rd. The shares were bought at an average price of GBX 308 ($3.73) per share, with a total value of £27,720 ($33,567.45).
Synthomer Company Profile (LON:SYNT)
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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