Insider Buying: Synthomer (LON:SYNT) Insider Acquires £30,870 in Stock

Synthomer plc (LON:SYNT) insider Michael Willome bought 63,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was purchased at an average price of GBX 49 per share, with a total value of £30,870.

Synthomer Trading Down 2.8%

LON SYNT opened at GBX 52.59 on Friday. The firm has a market capitalization of £85.98 million, a PE ratio of -1.03, a P/E/G ratio of -0.17 and a beta of 1.79. The stock’s 50 day moving average is GBX 60.94 and its 200 day moving average is GBX 80.85. Synthomer plc has a twelve month low of GBX 45.40 and a twelve month high of GBX 180.50. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 78.27.

Analyst Upgrades and Downgrades

SYNT has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Synthomer from GBX 200 to GBX 120 and set a “neutral” rating on the stock in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Synthomer from GBX 140 to GBX 115 and set a “hold” rating on the stock in a report on Wednesday, July 30th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 100 target price on shares of Synthomer in a report on Tuesday, August 5th. Finally, Berenberg Bank dropped their price target on Synthomer from GBX 120 to GBX 80 and set a “hold” rating on the stock in a research report on Wednesday, August 6th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 103.75.

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.3,900 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.