Synthomer (LON:SYNT) Share Price Passes Above 200 Day Moving Average – Here’s Why

Synthomer plc (LON:SYNT) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 76.21 and traded as high as GBX 108.20. Synthomer shares last traded at GBX 105.80, with a volume of 649,613 shares changing hands.

Wall Street Analyst Weigh In

SYNT has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Synthomer from GBX 92 to GBX 100 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Berenberg Bank upped their price objective on shares of Synthomer from GBX 100 to GBX 110 and gave the company a “hold” rating in a report on Friday, August 7th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 200 target price on shares of Synthomer in a research note on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 119.

Synthomer Stock Performance

The company has a quick ratio of 0.97, a current ratio of 1.78 and a debt-to-equity ratio of 97.76. The stock has a market cap of £173.45 million, a price-to-earnings ratio of -1.44, a P/E/G ratio of -0.17 and a beta of 1.04. The company has a 50 day simple moving average of GBX 95.72 and a 200 day simple moving average of GBX 76.21.

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 13.27% and a negative net margin of 6.81%. As a group, equities research analysts forecast that Synthomer plc will post 12.962963 EPS for the current 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.