Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Synthomer (LON:SYNT) Stock Price

Key Points

• Deutsche Bank Aktiengesellschaft has reduced its price target for Synthomer (LON:SYNT) from GBX 140 ($1.86) to GBX 115 ($1.52), maintaining a "hold" rating.
• Synthomer's current share price is GBX 84.50 ($1.12) with a potential upside of 36.09% based on the revised target.
• Insider Janet E. Ashdown purchased 19,920 shares at an average cost of GBX 99 ($1.31), indicating confidence in the company with insiders owning 28.00% of the stock.

Synthomer (LON:SYNT - Get Free Report) had its price objective lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 140 ($1.86) to GBX 115 ($1.52) in a research note issued to investors on Wednesday,London Stock Exchange reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 36.09% from the company's current price.

Synthomer Price Performance

Shares of SYNT traded up GBX 0.10 ($0.00) during trading hours on Wednesday, hitting GBX 84.50 ($1.12). 636,605 shares of the company were exchanged, compared to its average volume of 692,609. The company has a market capitalization of £138.56 million, a PE ratio of -1.69, a PEG ratio of -0.17 and a beta of 1.79. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97. The firm has a fifty day simple moving average of GBX 103.37 and a 200-day simple moving average of GBX 112.45. Synthomer has a one year low of GBX 78.20 ($1.04) and a one year high of GBX 276.50 ($3.67).

Insiders Place Their Bets

In other Synthomer news, insider Janet E. Ashdown acquired 19,920 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were acquired at an average cost of GBX 99 ($1.31) per share, for a total transaction of £19,720.80 ($26,147.97). 28.00% of the stock is currently owned by company insiders.

About Synthomer

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.

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