Synthomer (LON:SYNT) Shares Up 9.5% – What’s Next?

Shares of Synthomer plc (LON:SYNT) were up 9.5% during mid-day trading on Friday . The company traded as high as GBX 33 and last traded at GBX 32.68. Approximately 2,446,689 shares were traded during mid-day trading, an increase of 40% from the average daily volume of 1,752,670 shares. The stock had previously closed at GBX 29.85.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lowered their price objective on Synthomer from GBX 96 to GBX 62 and set a “hold” rating on the stock in a research report on Monday, February 2nd. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 90.50.

Synthomer Price Performance

The firm’s fifty day moving average price is GBX 33.75 and its 200 day moving average price is GBX 51.03. The company has a quick ratio of 0.97, a current ratio of 1.64 and a debt-to-equity ratio of 97.65. The stock has a market cap of £53.42 million, a PE ratio of -0.64, a P/E/G ratio of -0.17 and a beta of 1.86.

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