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

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

Analysts Set New Price Targets

Several brokerages have recently commented on SYNT. Berenberg Bank raised their target price on Synthomer from GBX 60 to GBX 100 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Peel Hunt restated a “buy” rating and set a GBX 200 price target on shares of Synthomer in a research note on Tuesday. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 65 price objective on shares of Synthomer in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 109.40.

Synthomer Stock Up 11.2%

The stock has a fifty day moving average price of GBX 93.98 and a two-hundred day moving average price of GBX 64.79. The company has a market cap of £162.30 million, a P/E ratio of -1.03, a price-to-earnings-growth ratio of -0.17 and a beta of 1.03. 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 released its quarterly earnings results on Tuesday, August 4th. The company reported GBX (4.30) earnings per share for the quarter. Synthomer had a negative return on equity of 16.66% and a negative net margin of 9.03%. On average, research analysts expect that Synthomer plc will post 12.962963 EPS for the current year.

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.