Synthomer (LON:SYNT) Trading 11.2% Higher – What’s Next?

Shares of Synthomer plc (LON:SYNT) shot up 11.2% during trading on Tuesday . The company traded as high as GBX 109.80 and last traded at GBX 99. 18,418,695 shares were traded during mid-day trading, an increase of 944% from the average session volume of 1,763,470 shares. The stock had previously closed at GBX 89.

Analyst Ratings Changes

SYNT has been the subject of several research reports. Berenberg Bank increased their price objective on shares of Synthomer from GBX 60 to GBX 100 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 65 target price on shares of Synthomer in a research note on Thursday, April 30th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 200 price target on shares of Synthomer in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 109.40.

Synthomer Price Performance

The company has a fifty day simple moving average of GBX 93.98 and a 200 day simple moving average of GBX 64.79. The stock has a market capitalization of £162.30 million, a price-to-earnings ratio of -1.03, a P/E/G ratio of -0.17 and a beta of 1.03. The company has a debt-to-equity ratio of 90.86, a quick ratio of 0.97 and a current ratio of 1.57.

Synthomer (LON:SYNT) last issued its quarterly earnings results on Tuesday, August 4th. The company reported GBX (4.30) earnings per share for the quarter. Synthomer had a negative net margin of 9.03% and a negative return on equity of 16.66%. Equities research analysts forecast that Synthomer plc will post 12.962963 EPS for the current fiscal 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.