Synthomer (LON:SYNT) Trading Up 9.3% – What’s Next?

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

Analyst Ratings Changes

A number of research firms have weighed in on SYNT. Berenberg Bank increased their target price on Synthomer from GBX 60 to GBX 100 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Jefferies Financial Group restated a “hold” rating and issued a GBX 65 price target on shares of Synthomer in a report on Thursday, April 30th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Synthomer currently has an average rating of “Hold” and an average target price of GBX 86.75.

Read Our Latest Analysis on SYNT

Synthomer Stock Up 9.3%

The stock has a market cap of £141.16 million, a PE ratio of -0.90, a price-to-earnings-growth ratio of -0.17 and a beta of 1.01. The business has a fifty day moving average of GBX 93.37 and a 200-day moving average of GBX 61.08. The company has a debt-to-equity ratio of 90.86, a current ratio of 1.57 and a quick ratio of 0.97.

Synthomer (LON:SYNTGet Free Report) last issued its earnings results on Friday, May 1st. The company reported GBX (91.90) earnings per share for the quarter. Synthomer had a negative net margin of 9.03% and a negative return on equity of 16.66%. The firm had revenue of GBX 173.92 billion for the quarter. Equities research analysts anticipate that Synthomer plc will post 12.962963 earnings per share for the current year.

Insider Buying and Selling at Synthomer

In other Synthomer news, insider Lily Liu acquired 29,192 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average cost of GBX 66 per share, with a total value of £19,266.72. 5.02% of the stock is owned by insiders.

Synthomer Company Profile

(Get Free Report)

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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