Synthomer (LON:SYNT) Stock Price Up 14.3% Following Analyst Upgrade

Synthomer plc (LON:SYNT) rose 14.3% during trading on Thursday after Berenberg Bank raised their price target on the stock from GBX 60 to GBX 100. Berenberg Bank currently has a hold rating on the stock. Synthomer traded as high as GBX 95 and last traded at GBX 94.50. Approximately 1,809,040 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 1,876,036 shares. The stock had previously closed at GBX 82.70.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Synthomer from GBX 96 to GBX 62 and set a “hold” rating on the stock in a report on Monday, February 2nd. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 65 price objective on shares of Synthomer in a research report on Thursday, April 30th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Synthomer has an average rating of “Hold” and an average price target of GBX 86.75.

Insider Buying and Selling at Synthomer

In other news, insider Lily Liu acquired 29,192 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of GBX 66 per share, with a total value of £19,266.72. Insiders own 5.03% of the company’s stock.

Synthomer Price Performance

The stock has a fifty day simple moving average of GBX 36.37 and a 200-day simple moving average of GBX 47.62. The company has a market capitalization of £168.49 million, a PE ratio of -1.07, a P/E/G ratio of -0.17 and a beta of 0.74. The company has a current ratio of 1.57, a quick ratio of 0.97 and a debt-to-equity ratio of 90.86.

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

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.3,800 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.