Synthomer (LON:SYNT) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of 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.

Wall Street Analysts Forecast Growth

SYNT has been the subject of a number of recent analyst reports. Berenberg Bank increased their target price on shares of Synthomer from GBX 60 to GBX 100 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Jefferies Financial Group restated a “hold” rating and set a GBX 65 price target on shares of Synthomer in a research report on Thursday, April 30th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, Synthomer currently has an average rating of “Hold” and a consensus price target of GBX 86.75.

Synthomer Stock Down 2.4%

The company has a debt-to-equity ratio of 90.86, a quick ratio of 0.97 and a current ratio of 1.57. The stock has a 50 day moving average price of GBX 98.09 and a 200 day moving average price of GBX 63.06. The company has a market cap of £134.43 million, a P/E ratio of -0.85, a P/E/G ratio of -0.17 and a beta of 1.02.

Synthomer (LON:SYNT) last announced 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 during the quarter. Research analysts expect that Synthomer plc will post 12.962963 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Synthomer news, insider Lily Liu acquired 29,192 shares of Synthomer stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of GBX 66 per share, for a total transaction of £19,266.72. 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.