Synthomer (LON:SYNT) Stock Crosses Above 50 Day Moving Average – Here’s Why

Shares of Synthomer plc (LON:SYNT) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 30.21 and traded as high as GBX 52.70. Synthomer shares last traded at GBX 49.15, with a volume of 756,164 shares changing hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Synthomer from GBX 96 to GBX 62 and set a “hold” rating on the stock in a report on Monday, February 2nd. Four equities research 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 an average target price of GBX 90.50.

Synthomer Stock Performance

The company’s fifty day moving average is GBX 30.21 and its 200 day moving average is GBX 48.82. The company has a market cap of £80.35 million, a P/E ratio of -0.96, a price-to-earnings-growth ratio of -0.17 and a beta of 0.57. The company has a current ratio of 1.64, a quick ratio of 0.97 and a debt-to-equity ratio of 97.65.

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.3,800 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.