Synthomer plc (LON:SYNT – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 108.54 and traded as low as GBX 104.80. Synthomer shares last traded at GBX 108.40, with a volume of 669,584 shares trading hands.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Synthomer from GBX 92 to GBX 100 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Berenberg Bank increased their price target on Synthomer from GBX 100 to GBX 110 and gave the company a “hold” rating in a report on Friday, August 7th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 200 price objective on shares of Synthomer in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 118.75.
View Our Latest Research Report on Synthomer
Synthomer Trading Up 1.1%
The company has a market cap of £179.68 million, a price-to-earnings ratio of -1.49, a P/E/G ratio of -0.17 and a beta of 1.00. The company has a quick ratio of 0.97, a current ratio of 1.78 and a debt-to-equity ratio of 97.76. The business has a fifty day simple moving average of GBX 108.54 and a 200 day simple moving average of GBX 79.29.
Synthomer Company Profile
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.
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