Synthomer (LON:SYNT) Shares Up 8.5%

Synthomer plc (LON:SYNT)’s stock price shot up 8.5% during mid-day trading on Friday . The stock traded as high as GBX 295 ($3.71) and last traded at GBX 286 ($3.59). 475,267 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 496,569 shares. The stock had previously closed at GBX 263.50 ($3.31).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 320 ($4.02) price objective on shares of Synthomer in a research report on Wednesday, March 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 224.40 ($2.82).

Synthomer Stock Performance

The company’s fifty day simple moving average is GBX 223.97 and its two-hundred day simple moving average is GBX 188.95. The company has a debt-to-equity ratio of 79.72, a quick ratio of 0.97 and a current ratio of 1.95. The stock has a market capitalization of £467.81 million, a P/E ratio of -238.33, a PEG ratio of -0.17 and a beta of 1.78.

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.