Synthomer (LON:SYNT) Shares Up 62.9% – Time to Buy?

Shares of Synthomer plc (LON:SYNT) traded up 62.9% during mid-day trading on Thursday . The company traded as high as GBX 35.62 and last traded at GBX 29.32. 18,502,926 shares were traded during trading, an increase of 895% from the average session volume of 1,859,002 shares. The stock had previously closed at GBX 18.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lowered their price target on Synthomer from GBX 96 to GBX 62 and set a “hold” rating on the stock in a report on Monday, February 2nd. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 90.50.

Synthomer Stock Up 74.9%

The firm’s fifty day moving average price is GBX 38.09 and its 200-day moving average price is GBX 52.36. The company has a debt-to-equity ratio of 97.65, a current ratio of 1.64 and a quick ratio of 0.97. The firm has a market capitalization of £51.46 million, a P/E ratio of -0.62, a PEG ratio of -0.17 and a beta of 1.86.

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.