Synthomer (LON:SYNT) Stock Crosses Below 200 Day Moving Average of $158.27

Synthomer plc (LON:SYNTGet Rating) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 158.27 ($1.96) and traded as low as GBX 147.10 ($1.82). Synthomer shares last traded at GBX 149.90 ($1.86), with a volume of 691,891 shares traded.

Analyst Upgrades and Downgrades

SYNT has been the topic of a number of research analyst reports. Barclays reissued an “equal weight” rating and set a GBX 210 ($2.60) price objective on shares of Synthomer in a report on Wednesday, December 14th. JPMorgan Chase & Co. cut their target price on shares of Synthomer from GBX 350 ($4.33) to GBX 260 ($3.22) and set a “neutral” rating on the stock in a report on Monday, October 3rd. Finally, Berenberg Bank raised their target price on shares of Synthomer from GBX 160 ($1.98) to GBX 170 ($2.10) and gave the stock a “buy” rating in a report on Wednesday, December 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 323 ($4.00).

Synthomer Stock Up 0.2 %

The firm has a 50 day moving average of GBX 140.77 and a two-hundred day moving average of GBX 158.27. The firm has a market capitalization of £700.54 million and a price-to-earnings ratio of 749.50. The company has a quick ratio of 0.97, a current ratio of 1.60 and a debt-to-equity ratio of 114.88.

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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