Synthomer (LON:SYNT) Trading Up 9.5% – What’s Next?

Synthomer plc (LON:SYNT)’s stock price was up 9.5% during trading on Friday . The company traded as high as GBX 33 and last traded at GBX 32.68. Approximately 2,446,689 shares traded hands during mid-day trading, an increase of 40% from the average daily volume of 1,752,670 shares. The stock had previously closed at GBX 29.85.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lowered their price target on Synthomer from GBX 96 to GBX 62 and set a “hold” rating on the stock in a report on Monday, February 2nd. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 90.50.

Synthomer Stock Up 22.1%

The company has a current ratio of 1.64, a quick ratio of 0.97 and a debt-to-equity ratio of 97.65. The company’s 50 day moving average price is GBX 33.23 and its two-hundred day moving average price is GBX 50.82. The stock has a market cap of £59.59 million, a P/E ratio of -0.71, a PEG ratio of -0.17 and a beta of 1.86.

Synthomer Company Profile

Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and health and protection – growing markets for customers who serve billions of end users worldwide.

Headquartered in London, UK and listed on the LSE since 1971, we employ c.3,900 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.