Synthomer (LON:SYNT) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Synthomer plc (LON:SYNT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 51.65 and traded as high as GBX 109.60. Synthomer shares last traded at GBX 106.80, with a volume of 1,485,603 shares trading hands.

Analyst Upgrades and Downgrades

SYNT has been the topic of several research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Synthomer from GBX 96 to GBX 62 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Berenberg Bank upped their price target on shares of Synthomer from GBX 60 to GBX 100 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 65 price target on shares of Synthomer in a research note on Thursday, April 30th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, Synthomer currently has a consensus rating of “Hold” and an average target price of GBX 86.75.

Synthomer Price Performance

The stock has a market cap of £174.59 million, a P/E ratio of -1.11, a PEG ratio of -0.17 and a beta of 0.92. The company has a debt-to-equity ratio of 90.86, a current ratio of 1.57 and a quick ratio of 0.97. The business’s fifty day moving average price is GBX 56.62 and its 200 day moving average price is GBX 51.65.

Synthomer (LON:SYNT) last issued its quarterly earnings data on Friday, May 1st. The company reported GBX (91.90) earnings per share (EPS) for the quarter. The business had revenue of GBX 173.92 billion during the quarter. Synthomer had a negative net margin of 9.03% and a negative return on equity of 16.66%. Sell-side analysts forecast that Synthomer plc will post 12.962963 EPS for the current fiscal year.

Insider Transactions at Synthomer

In other Synthomer news, insider Lily Liu acquired 29,192 shares of the company’s stock in a transaction that occurred 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. 5.03% of the stock is currently owned by company insiders.

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.