Synthomer (LON:SYNT) Stock Price Down 47.9% – What’s Next?

Shares of Synthomer plc (LON:SYNT) dropped 47.9% on Wednesday . The company traded as low as GBX 29.45 and last traded at GBX 29.60. Approximately 6,786,194 shares were traded during mid-day trading, an increase of 696% from the average daily volume of 852,902 shares. The stock had previously closed at GBX 56.80.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Synthomer from GBX 96 to GBX 62 and set a “hold” rating on the stock in a research note on Monday, February 2nd. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 90.50.

Synthomer Stock Performance

The stock has a market capitalization of £36.55 million, a PE ratio of -0.44, a PEG ratio of -0.17 and a beta of 1.79. The business’s 50 day moving average is GBX 57.33 and its 200 day moving average is GBX 60.30. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 78.27.

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.3,900 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.