Synthomer (LON:SYNT) Shares Up 17.9% – Should You Buy?

Synthomer plc (LON:SYNT)’s stock price traded up 17.9% during mid-day trading on Monday . The stock traded as high as GBX 21.50 and last traded at GBX 21.15. 1,100,282 shares were traded during trading, a decline of 33% from the average session volume of 1,645,051 shares. The stock had previously closed at GBX 17.94.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lowered their target price 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. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 90.50.

Synthomer Trading Up 17.1%

The company has a market cap of £34.33 million, a price-to-earnings ratio of -0.41, a PEG ratio of -0.17 and a beta of 1.79. The business’s 50 day moving average price is GBX 45.20 and its 200-day moving average price is GBX 54.82. The company has a current ratio of 1.64, a quick ratio of 0.97 and a debt-to-equity ratio of 97.65.

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.3,900 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.