Synthomer (LON:SYNT) Stock Price Down 7.9% – Should You Sell?

Synthomer plc (LON:SYNT)’s share price traded down 7.9% on Monday . The company traded as low as GBX 112.40 and last traded at GBX 112.40. Approximately 714,217 shares changed hands during trading, a decline of 57% from the average daily volume of 1,665,155 shares. The stock had previously closed at GBX 122.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SYNT. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 65 target price on shares of Synthomer in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft upped their price target on Synthomer from GBX 92 to GBX 100 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 200 price target on shares of Synthomer in a research report on Tuesday, August 4th. Finally, Berenberg Bank lifted their price objective on Synthomer from GBX 100 to GBX 110 and gave the company a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 119.

Synthomer Stock Performance

The stock’s 50-day simple moving average is GBX 93.99 and its 200 day simple moving average is GBX 66.19. The company has a debt-to-equity ratio of 97.76, a quick ratio of 0.97 and a current ratio of 1.78. The company has a market capitalization of £184.27 million, a PE ratio of -1.17, a P/E/G ratio of -0.17 and a beta of 1.03.

Synthomer (LON:SYNT) last announced its quarterly earnings data on Tuesday, August 4th. The company reported GBX (4.30) earnings per share for the quarter. Synthomer had a negative net margin of 6.81% and a negative return on equity of 13.27%. As a group, research analysts expect that Synthomer plc will post 12.962963 earnings per share 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.