Synthomer (LON:SYNT) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Synthomer plc (LON:SYNT)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 72.95 and traded as high as GBX 109.80. Synthomer shares last traded at GBX 108.20, with a volume of 306,546 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Peel Hunt reissued a “buy” rating and set a GBX 200 target price on shares of Synthomer in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on Synthomer from GBX 92 to GBX 100 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Finally, Berenberg Bank raised their target price on Synthomer from GBX 100 to GBX 110 and gave the stock a “hold” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 119.

Synthomer Stock Up 0.7%

The company’s 50 day simple moving average is GBX 93.34 and its 200-day simple moving average is GBX 73.20. The company has a debt-to-equity ratio of 97.76, a quick ratio of 0.97 and a current ratio of 1.78. The firm has a market capitalization of £178.70 million, a PE ratio of -1.14, a PEG ratio of -0.17 and a beta of 1.03.

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 return on equity of 13.27% and a negative net margin of 6.81%. On average, 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.