Synthomer (LON:SYNT) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Synthomer plc (LON:SYNT) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 51.65 and traded as high as GBX 109.60. Synthomer shares last traded at GBX 106.80, with a volume of 1,485,603 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Berenberg Bank boosted their price objective on shares of Synthomer from GBX 60 to GBX 100 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 65 target price on shares of Synthomer in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Synthomer from GBX 96 to GBX 62 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 86.75.

Synthomer Trading Up 6.6%

The business’s 50 day simple moving average is GBX 56.62 and its 200-day simple moving average is GBX 51.65. The company has a debt-to-equity ratio of 90.86, a current ratio of 1.57 and a quick ratio of 0.97. The stock has a market capitalization of £174.59 million, a P/E ratio of -1.11, a PEG ratio of -0.17 and a beta of 0.92.

Synthomer (LON:SYNT) last issued its earnings results on Friday, May 1st. The company reported GBX (91.90) earnings per share (EPS) for the quarter. The company had revenue of GBX 173.92 billion for the quarter. Synthomer had a negative return on equity of 16.66% and a negative net margin of 9.03%. As a group, analysts forecast that Synthomer plc will post 12.962963 EPS for the current year.

Insider Buying and Selling

In other news, insider Lily Liu bought 29,192 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of GBX 66 per share, for a total transaction of £19,266.72. Insiders own 5.03% 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.