Synthomer (LON:SYNT) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Synthomer plc (LON:SYNT)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 70.08 and traded as high as GBX 100.20. Synthomer shares last traded at GBX 99, with a volume of 49,851,078 shares.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Peel Hunt restated a “buy” rating and issued a GBX 200 price target on shares of Synthomer in a report on Tuesday, August 4th. Berenberg Bank boosted their price objective on shares of Synthomer from GBX 100 to GBX 110 and gave the stock a “hold” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft increased 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. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 65 target price on shares of Synthomer in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 119.

Synthomer Stock Down 1.6%

The firm has a market capitalization of £159.03 million, a PE ratio of -1.01, a P/E/G ratio of -0.17 and a beta of 1.03. The firm’s 50 day moving average price is GBX 92.08 and its two-hundred day moving average price is GBX 70.39. The company has a quick ratio of 0.97, a current ratio of 1.78 and a debt-to-equity ratio of 97.76.

Synthomer (LON:SYNT) last released its quarterly earnings results on Tuesday, August 4th. The company reported GBX (4.30) earnings per share for the quarter. Synthomer had a negative net margin of 6.81% and a negative return on equity of 13.27%. As a group, research analysts forecast 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.