Synthomer (LON:SYNT) Share Price Crosses Below 200-Day Moving Average of $260.37

Synthomer plc (LON:SYNTGet Rating)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 260.37 ($3.15) and traded as low as GBX 190.80 ($2.31). Synthomer shares last traded at GBX 192.70 ($2.33), with a volume of 3,095,660 shares traded.

Wall Street Analyst Weigh In

SYNT has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Synthomer from GBX 430 ($5.20) to GBX 350 ($4.23) and set a “neutral” rating for the company in a research report on Wednesday, August 3rd. Barclays reaffirmed an “equal weight” rating and set a GBX 323 ($3.90) price objective on shares of Synthomer in a report on Wednesday, August 3rd. Finally, Berenberg Bank dropped their price objective on Synthomer from GBX 350 ($4.23) to GBX 275 ($3.32) and set a “hold” rating on the stock in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Synthomer presently has an average rating of “Hold” and a consensus target price of GBX 445.50 ($5.38).

Synthomer Stock Performance

The company has a quick ratio of 0.97, a current ratio of 1.60 and a debt-to-equity ratio of 114.88. The stock has a fifty day moving average of GBX 210.76 and a 200-day moving average of GBX 260.37. The stock has a market cap of £900.56 million and a PE ratio of 1,014.21.

Synthomer Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be issued a dividend of GBX 4 ($0.05) per share. This represents a dividend yield of 1.7%. The ex-dividend date is Thursday, October 6th. Synthomer’s dividend payout ratio is currently 157.89%.

Insider Buying and Selling

In other Synthomer news, insider Lily Liu acquired 2,000 shares of the stock in a transaction on Monday, August 8th. The shares were bought at an average price of GBX 193 ($2.33) per share, with a total value of £3,860 ($4,664.09). In other Synthomer news, insider Lily Liu acquired 2,000 shares of the stock in a transaction on Monday, August 8th. The shares were bought at an average price of GBX 193 ($2.33) per share, with a total value of £3,860 ($4,664.09). Also, insider Roberto Gualdoni acquired 20,000 shares of the stock in a transaction on Tuesday, August 2nd. The stock was acquired at an average cost of GBX 214 ($2.59) per share, for a total transaction of £42,800 ($51,715.80). Insiders have purchased a total of 92,000 shares of company stock valued at $17,896,000 over the last quarter.

About Synthomer

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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.

Further Reading

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