Insider Buying: Synthomer plc (LON:SYNT) Insider Acquires 9,000 Shares of Stock

Synthomer plc (LON:SYNT – Get Rating) insider Holly Van Deursen purchased 9,000 shares of Synthomer stock in a transaction on Tuesday, May 3rd. The stock was bought at an average price of GBX 308 ($3.85) per share, with a total value of £27,720 ($34,628.36).

Shares of LON SYNT opened at GBX 307 ($3.84) on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.43 and a debt-to-equity ratio of 64.18. Synthomer plc has a 12 month low of GBX 241.80 ($3.02) and a 12 month high of GBX 570.50 ($7.13). The firm has a market capitalization of £1.43 billion and a PE ratio of 6.38. The firm has a fifty day simple moving average of GBX 291.83 and a two-hundred day simple moving average of GBX 373.90.

The firm also recently declared a dividend, which will be paid on Tuesday, July 5th. Investors of record on Wednesday, June 1st will be paid a GBX 21.30 ($0.27) dividend. This represents a dividend yield of 7.52%. This is a positive change from Synthomer’s previous dividend of $8.70. The ex-dividend date is Wednesday, June 1st. Synthomer’s dividend payout ratio (DPR) is presently 0.36%.

A number of research analysts have recently issued reports on SYNT shares. Barclays reiterated an “overweight” rating and set a GBX 460 ($5.75) price objective on shares of Synthomer in a report on Thursday, March 3rd. Canaccord Genuity Group lowered their price objective on shares of Synthomer from GBX 750 ($9.37) to GBX 575 ($7.18) and set a “buy” rating on the stock in a research report on Thursday, March 10th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 350 ($4.37) price objective on shares of Synthomer in a research report on Wednesday, March 23rd. Finally, Morgan Stanley reissued an “underweight” rating and issued a GBX 400 ($5.00) price target on shares of Synthomer in a research report on Wednesday, January 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Synthomer has a consensus rating of “Buy” and an average target price of GBX 548.13 ($6.85).

About Synthomer (Get Rating)

Synthomer plc operates as a specialty chemicals company. It operates through four segments: Performance Elastomers, Functional Solutions, Industrial Specialities, and Acrylate Monomers. The company offers pressure sensitive adhesives, acrylic polymers, acrylic dispersions, saturants, release coatings, and other adhesives; water-based carboxylated styrene butadiene rubber, redispersible powder, flooring adhesive, and additives for construction applications; and impregnation binders, styrene butadiene copolymers, dispersions, polymer binders, and butadiene-based binders for textiles applications.

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