Insider Buying: Synthomer plc (LON:SYNT) Insider Acquires 59,229 Shares of Stock

Key Points

• Jonathan Silver purchased 59,229 shares of Synthomer plc at an average price of GBX 65, totaling approximately £38,498.85.
• Synthomer plc's stock has experienced a market capitalization of £103.63 million, with a current trading valuation of GBX 63.20.
• Recent earnings reports showed Synthomer's earnings per share at GBX (5.40), indicating a negative return on equity of 7.52% and a negative net margin of 4.40%.

Synthomer plc (LON:SYNT - Get Free Report) insider Jonathan Silver acquired 59,229 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average price of GBX 65 ($0.87) per share, for a total transaction of £38,498.85 ($51,773.60).

Synthomer Stock Performance

Shares of LON:SYNT traded down GBX 1.83 ($0.02) during midday trading on Friday, hitting GBX 62.57 ($0.84). The stock had a trading volume of 1,219,842 shares, compared to its average volume of 759,264. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 78.27. The company has a market capitalization of £102.60 million, a PE ratio of -1.25, a P/E/G ratio of -0.17 and a beta of 1.79. Synthomer plc has a 1 year low of GBX 61 ($0.82) and a 1 year high of GBX 266 ($3.58). The stock has a 50 day moving average price of GBX 99.81 and a two-hundred day moving average price of GBX 109.72.

Synthomer (LON:SYNT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported GBX (5.40) (($0.07)) earnings per share for the quarter. Synthomer had a negative return on equity of 7.52% and a negative net margin of 4.40%. As a group, equities analysts predict that Synthomer plc will post 12.962963 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on SYNT shares. Jefferies Financial Group restated a "hold" rating and issued a GBX 100 ($1.34) price target on shares of Synthomer in a research note on Tuesday. Berenberg Bank cut their price target on Synthomer from GBX 120 ($1.61) to GBX 80 ($1.08) and set a "hold" rating on the stock in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Synthomer from GBX 140 ($1.88) to GBX 115 ($1.55) and set a "hold" rating for the company in a research note on Wednesday, July 30th.

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.