Synthomer (LON:SYNT) Hits New 52-Week Low - Here's What Happened

Key Points

• Synthomer plc shares reached a new 52-week low, trading at GBX 58.20 ($0.78) as investors reacted to various analyst price adjustments.
• Analysts have downgraded their price targets for Synthomer, with Berenberg Bank reducing its target from GBX 120 to GBX 80, indicating a consensus rating of "Hold."
• Recent insider trading showed significant purchases, with Jonathan Silver acquiring 59,229 shares at GBX 65, suggesting potential confidence in the company's future performance.

Synthomer plc (LON:SYNT - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 58.20 ($0.78) and last traded at GBX 58.50 ($0.78), with a volume of 891674 shares trading hands. The stock had previously closed at GBX 59.60 ($0.80).

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SYNT shares. Berenberg Bank decreased their price objective on shares of Synthomer from GBX 120 to GBX 80 and set a "hold" rating for the company in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft reduced their price target on Synthomer from GBX 140 to GBX 115 and set a "hold" rating for the company in a report on Wednesday, July 30th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a GBX 100 target price on shares of Synthomer in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of GBX 142.50.

Synthomer Price Performance

The company has a 50 day moving average of GBX 82.71 and a 200-day moving average of GBX 99.21. The firm has a market capitalization of £95.63 million, a P/E ratio of -131.76, a P/E/G ratio of -0.17 and a beta of 1.79. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 78.27.

Synthomer (LON:SYNT - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported GBX (5.40) earnings per share (EPS) for the quarter. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%. On average, sell-side analysts predict that Synthomer plc will post 12.962963 EPS for the current year.

Insider Buying and Selling at Synthomer

In other Synthomer news, insider Jonathan Silver acquired 59,229 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was purchased at an average price of GBX 65 per share, with a total value of £38,498.85. Also, insider Janet E. Ashdown purchased 19,920 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was bought at an average price of GBX 99 per share, with a total value of £19,720.80. Over the last 90 days, insiders bought 124,149 shares of company stock worth $8,701,965. 4.93% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.