Synthomer (LON:SYNT) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Synthomer plc (LON:SYNT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 63.06 and traded as high as GBX 84.22. Synthomer shares last traded at GBX 82, with a volume of 330,419 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SYNT shares. Berenberg Bank raised their target price on shares of Synthomer from GBX 60 to GBX 100 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Jefferies Financial Group reissued a “hold” rating and set a GBX 65 target price on shares of Synthomer in a research report on Thursday, April 30th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 86.75.

Synthomer Stock Performance

The firm’s fifty day moving average price is GBX 98.09 and its 200 day moving average price is GBX 63.06. The firm has a market cap of £134.43 million, a P/E ratio of -0.85, a price-to-earnings-growth ratio of -0.17 and a beta of 1.02. The company has a debt-to-equity ratio of 90.86, a quick ratio of 0.97 and a current ratio of 1.57.

Synthomer (LON:SYNT) last released its quarterly earnings data on Friday, May 1st. The company reported GBX (91.90) earnings per share (EPS) for the quarter. The business had revenue of GBX 173.92 billion for the quarter. Synthomer had a negative net margin of 9.03% and a negative return on equity of 16.66%. Sell-side analysts expect that Synthomer plc will post 12.962963 EPS for the current fiscal year.

Insider Buying and Selling at Synthomer

In other news, insider Lily Liu bought 29,192 shares of the stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of GBX 66 per share, for a total transaction of £19,266.72. Corporate insiders own 5.02% of the company’s stock.

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.