Synthomer (LON:SYNT) Sets New 1-Year Low – Time to Sell?

Synthomer plc (LON:SYNT) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 56 ($0.75) and last traded at GBX 58.20 ($0.77), with a volume of 986481 shares changing hands. The stock had previously closed at GBX 57 ($0.76).

Wall Street Analyst Weigh In

SYNT has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Synthomer from GBX 140 to GBX 115 and set a “hold” rating for the company in a research report on Wednesday, July 30th. Berenberg Bank decreased their target price on shares of Synthomer from GBX 120 to GBX 80 and set a “hold” rating for the company in a research report on Wednesday, August 6th. JPMorgan Chase & Co. decreased their target price on shares of Synthomer from GBX 200 to GBX 120 and set a “neutral” rating for the company in a research report on Friday, October 10th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 100 target price on shares of Synthomer in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 103.75.

Synthomer Stock Up 2.1%

The firm’s 50 day moving average price is GBX 64.17 and its two-hundred day moving average price is GBX 84.08. The company has a market cap of £95.14 million, a P/E ratio of -1.14, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90.

Synthomer (LON:SYNT) last released its quarterly earnings data on Tuesday, August 5th. The company reported GBX (5.40) earnings per share for the quarter. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%. Equities research analysts anticipate that Synthomer plc will post 12.962963 EPS for the current fiscal year.

Insider Activity at Synthomer

In other Synthomer news, insider Lily Liu purchased 20,000 shares of Synthomer stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average price of GBX 64 per share, with a total value of £12,800. Also, insider Uwe Halder purchased 25,000 shares of Synthomer stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average cost of GBX 64 per share, with a total value of £16,000. In the last 90 days, insiders acquired 104,229 shares of company stock valued at $6,729,885. 4.99% of the stock is owned by company insiders.

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.