Synthomer (LON:SYNT) Trading Up 9.3% – Still a Buy?

Shares of Synthomer plc (LON:SYNT) traded up 9.3% on Thursday . The company traded as high as GBX 86.20 and last traded at GBX 86.10. Approximately 941,022 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 1,857,880 shares. The stock had previously closed at GBX 78.80.

Wall Street Analyst Weigh In

SYNT has been the topic of several research reports. Berenberg Bank raised their target price on Synthomer from GBX 60 to GBX 100 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 65 price target on shares of Synthomer in a research report on Thursday, April 30th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 86.75.

Synthomer Stock Up 2.2%

The company’s 50 day moving average price is GBX 94.89 and its two-hundred day moving average price is GBX 61.45. The company has a current ratio of 1.57, a quick ratio of 0.97 and a debt-to-equity ratio of 90.86. The firm has a market cap of £144.27 million, a PE ratio of -0.92, a PEG ratio of -0.17 and a beta of 1.02.

Synthomer (LON:SYNT) last posted its quarterly earnings data on Friday, May 1st. The company reported GBX (91.90) EPS for the quarter. The company had revenue of GBX 173.92 billion during the quarter. Synthomer had a negative return on equity of 16.66% and a negative net margin of 9.03%. On average, equities research analysts expect that Synthomer plc will post 12.962963 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Lily Liu purchased 29,192 shares of Synthomer stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of GBX 66 per share, for a total transaction of £19,266.72. 5.02% of the stock is currently owned by insiders.

About Synthomer

Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and health and protection – growing markets for customers who serve billions of end users worldwide.

Headquartered in London, UK and listed on the LSE since 1971, we employ c.3,800 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.