Synthomer (LON:SYNT) Stock Price Up 8.5%

Shares of Synthomer plc (LON:SYNT) shot up 8.5% during trading on Friday . The company traded as high as GBX 295 ($3.71) and last traded at GBX 286 ($3.59). 475,267 shares changed hands during trading, a decline of 4% from the average session volume of 496,569 shares. The stock had previously closed at GBX 263.50 ($3.31).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 320 ($4.02) price objective on shares of Synthomer in a research note on Wednesday, March 13th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 224.40 ($2.82).

Synthomer Stock Up 8.5 %

The firm has a 50 day moving average of GBX 223.97 and a 200-day moving average of GBX 188.95. The company has a debt-to-equity ratio of 79.72, a current ratio of 1.95 and a quick ratio of 0.97. The stock has a market capitalization of £467.81 million, a P/E ratio of -238.33, a price-to-earnings-growth ratio of -0.17 and a beta of 1.78.

Synthomer Company Profile

Synthomer plc operates as a specialty chemicals company in the United Kingdom and internationally. It operates through five segments: Performance Elastomers, Functional Solutions, Industrial Specialities, Acrylate Monomers, and Adhesive Technologies. The company offers adhesives, including PSA labels, packaging and specialty tapes, saturants, release coatings, wood working, wet glues, hygiene and contact adhesives, packaging and assembly hot melt adhesives; coatings products such as architectural, masonry, intumescent, metal, wood, soil releases, blinders, ink receptive, polyester for powder coatings, SYNTHOMER NX for coalescing agents, and SYNOLOX BEPF for glycol.