Synthomer (LON:SYNT) Stock Price Up 11.2% – Here’s Why

Shares of Synthomer plc (LON:SYNT) traded up 11.2% during trading on Tuesday . The stock traded as high as GBX 109.80 and last traded at GBX 99. Approximately 18,418,695 shares traded hands during mid-day trading, an increase of 944% from the average session volume of 1,763,470 shares. The stock had previously closed at GBX 89.

Analyst Upgrades and Downgrades

SYNT has been the topic of several analyst reports. Peel Hunt reiterated a “buy” rating and set a GBX 200 price target on shares of Synthomer in a research report on Tuesday. Berenberg Bank upped 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. Deutsche Bank Aktiengesellschaft lifted their price target on Synthomer from GBX 92 to GBX 100 and gave the company a “hold” rating in a research note on Wednesday. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 65 price target on shares of Synthomer in a report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 117.

Synthomer Stock Performance

The firm has a market capitalization of £192.80 million, a price-to-earnings ratio of -1.22, a PEG ratio of -0.17 and a beta of 1.03. The company has a current ratio of 1.57, a quick ratio of 0.97 and a debt-to-equity ratio of 90.86. The stock’s 50-day moving average is GBX 93.60 and its 200-day moving average is GBX 65.36.

Synthomer (LON:SYNT) last posted its earnings results on Tuesday, August 4th. The company reported GBX (4.30) earnings per share for the quarter. Synthomer had a negative return on equity of 16.66% and a negative net margin of 9.03%. On average, analysts predict that Synthomer plc will post 12.962963 EPS for the current fiscal year.

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.