Synthomer (LON:SYNT) Stock Price Down 7.9% – Here’s What Happened

Synthomer plc (LON:SYNT)’s stock price traded down 7.9% during mid-day trading on Monday . The company traded as low as GBX 112.40 and last traded at GBX 112.40. 714,217 shares were traded during trading, a decline of 57% from the average daily volume of 1,665,155 shares. The stock had previously closed at GBX 122.

Analyst Upgrades and Downgrades

A number of research firms have commented on SYNT. Peel Hunt restated a “buy” rating and set a GBX 200 target price on shares of Synthomer in a research note on Tuesday, August 4th. Berenberg Bank upped their price target on shares of Synthomer from GBX 100 to GBX 110 and gave the stock a “hold” rating in a research report on Friday, August 7th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 65 price objective on shares of Synthomer in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Synthomer from GBX 92 to GBX 100 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 119.

Synthomer Stock Down 0.0%

The firm has a market capitalization of £170.15 million, a PE ratio of -1.08, a P/E/G ratio of -0.17 and a beta of 1.03. The company has a debt-to-equity ratio of 97.76, a current ratio of 1.78 and a quick ratio of 0.97. The company has a 50-day moving average price of GBX 93.76 and a 200 day moving average price of GBX 66.92.

Synthomer (LON:SYNT) last released its earnings results on Tuesday, August 4th. The company reported GBX (4.30) earnings per share (EPS) for the quarter. Synthomer had a negative return on equity of 13.27% and a negative net margin of 6.81%. Analysts forecast that Synthomer plc will post 12.962963 earnings per share for the current year.

About Synthomer

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.