Synthomer (LON:SYNT) Share Price Crosses Above Two Hundred Day Moving Average of $193.43

Synthomer plc (LON:SYNT)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 193.43 ($2.45) and traded as high as GBX 274.50 ($3.47). Synthomer shares last traded at GBX 266 ($3.37), with a volume of 440,881 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 320 ($4.05) target price on shares of Synthomer in a report on Wednesday, March 13th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 224.40 ($2.84).

Synthomer Price Performance

The company has a current ratio of 1.95, a quick ratio of 0.97 and a debt-to-equity ratio of 79.72. The company has a fifty day moving average price of GBX 192.85 and a two-hundred day moving average price of GBX 193.43. The firm has a market cap of £435.10 million, a P/E ratio of -221.67, a PEG ratio of -0.17 and a beta of 1.68.

Synthomer Company Profile

Synthomer plc operates as a specialty chemicals company in the United Kingdom and internationally. It operates through five segments: Performance Elastomers, Functional Solutions, Industrial Specialities, Acrylate Monomers, and Adhesive Technologies. The company offers adhesives, including PSA labels, packaging and specialty tapes, saturants, release coatings, wood working, wet glues, hygiene and contact adhesives, packaging and assembly hot melt adhesives; coatings products such as architectural, masonry, intumescent, metal, wood, soil releases, blinders, ink receptive, polyester for powder coatings, SYNTHOMER NX for coalescing agents, and SYNOLOX BEPF for glycol.