Synthomer (LON:SYNT) Stock Price Up 9.3% – Time to Buy?

Synthomer plc (LON:SYNT)’s stock price rose 9.3% during mid-day trading on Thursday . The company traded as high as GBX 86.20 and last traded at GBX 86.10. 941,022 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 1,857,880 shares. The stock had previously closed at GBX 78.80.

Analysts Set New Price Targets

SYNT has been the subject of a number of recent research reports. 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 report on Wednesday, May 6th. Jefferies Financial Group restated a “hold” rating and issued a GBX 65 target price on shares of Synthomer in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, Synthomer presently has an average rating of “Hold” and a consensus price target of GBX 86.75.

Synthomer Trading Up 9.3%

The company has a current ratio of 1.57, a quick ratio of 0.97 and a debt-to-equity ratio of 90.86. The company has a 50-day moving average price of GBX 93.37 and a two-hundred day moving average price of GBX 61.08. The stock has a market cap of £141.16 million, a P/E ratio of -0.90, a P/E/G ratio of -0.17 and a beta of 1.01.

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

Insider Transactions at Synthomer

In other news, insider Lily Liu acquired 29,192 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of GBX 66 per share, with a total value of £19,266.72. 5.02% of the stock is currently owned by insiders.

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.