Synthomer (LON:SYNT) Stock Price Breaks Below 50-Day Moving Average – Time to Sell?

Synthomer plc (LON:SYNT)’s stock price passed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 108.54 and traded as low as GBX 104.80. Synthomer shares last traded at GBX 108.40, with a volume of 669,584 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped their price objective 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. Peel Hunt reissued a “buy” rating and set a GBX 200 price target on shares of Synthomer in a research report on Tuesday, August 4th. Finally, Berenberg Bank lifted their price target on Synthomer from GBX 100 to GBX 110 and gave the company a “hold” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 118.75.

Synthomer Stock Performance

The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 97.76. The firm’s fifty day moving average price is GBX 108.54 and its 200-day moving average price is GBX 79.29. The company has a market cap of £179.68 million, a P/E ratio of -1.49, a P/E/G ratio of -0.17 and a beta of 1.00.

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.