Synthomer (LON:SYNT) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Synthomer plc (LON:SYNT)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 49.58 and traded as high as GBX 109. Synthomer shares last traded at GBX 105.40, with a volume of 558,511 shares.

Wall Street Analyst Weigh In

A number of research firms recently commented on SYNT. Deutsche Bank Aktiengesellschaft decreased their target price on Synthomer from GBX 96 to GBX 62 and set a “hold” rating for the company in a report on Monday, February 2nd. Jefferies Financial Group reissued a “hold” rating and issued a GBX 65 price target on shares of Synthomer in a report on Thursday, April 30th. Finally, Berenberg Bank boosted their price target on Synthomer from GBX 60 to GBX 100 and gave the company a “hold” rating in a report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Synthomer presently has a consensus rating of “Hold” and an average price target of GBX 86.75.

Synthomer Price Performance

The company has a market capitalization of £170.01 million, a price-to-earnings ratio of -1.08, a P/E/G ratio of -0.17 and a beta of 0.92. The stock has a fifty day simple moving average of GBX 46.46 and a 200-day simple moving average of GBX 49.58. The company has a debt-to-equity ratio of 90.86, a current ratio of 1.57 and a quick ratio of 0.97.

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

Insiders Place Their Bets

In other Synthomer news, insider Lily Liu purchased 29,192 shares of Synthomer stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average price of GBX 66 per share, with a total value 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.