Synthomer (LON:SYNT) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Synthomer plc (LON:SYNT)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 49.58 and traded as high as GBX 109. Synthomer shares last traded at GBX 105.40, with a volume of 558,511 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Jefferies Financial Group reissued a “hold” rating and issued a GBX 65 price target on shares of Synthomer in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Synthomer from GBX 96 to GBX 62 and set a “hold” rating for the company in a report on Monday, February 2nd. Finally, Berenberg Bank raised their price target on shares of Synthomer from GBX 60 to GBX 100 and gave the company a “hold” rating in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Synthomer has a consensus rating of “Hold” and an average price target of GBX 86.75.

Synthomer Trading Down 2.1%

The stock has a market capitalization of £168.70 million, a P/E ratio of -1.08, 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 50 day simple moving average is GBX 48.16 and its 200-day simple moving average is GBX 49.95.

Synthomer (LON:SYNT) last announced its quarterly earnings data on Friday, May 1st. The company reported GBX (91.90) earnings per share (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. As a group, analysts forecast that Synthomer plc will post 12.962963 EPS for the current year.

Insider Transactions at Synthomer

In other Synthomer news, insider Lily Liu acquired 29,192 shares of Synthomer stock in a transaction on Thursday, April 30th. The shares were purchased 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 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.