Synthomer (LON:SYNT) Given Hold Rating at Jefferies Financial Group

Key Points

• Jefferies Financial Group has reissued a "hold" rating on Synthomer's stock with a target price of GBX 100 ($1.33), suggesting a potential upside of 56.25% from its current price.
• Deutsche Bank reduced its price target for Synthomer from GBX 140 ($1.86) to GBX 115 ($1.53), also maintaining a "hold" rating.
• Insider Janet E. Ashdown purchased 19,920 shares of Synthomer's stock at an average price of GBX 99 ($1.32) per share, indicating confidence in the company's future.

Synthomer (LON:SYNT - Get Free Report)'s stock had its "hold" rating reiterated by analysts at Jefferies Financial Group in a report issued on Tuesday, Marketbeat reports. They presently have a GBX 100 ($1.34) target price on the stock. Jefferies Financial Group's target price points to a potential upside of 55.28% from the company's previous close.

Separately, Deutsche Bank Aktiengesellschaft cut their price target on shares of Synthomer from GBX 140 ($1.88) to GBX 115 ($1.55) and set a "hold" rating on the stock in a report on Wednesday, July 30th.

Synthomer Price Performance

Synthomer stock traded up GBX 1.20 ($0.02) during mid-day trading on Tuesday, hitting GBX 64.40 ($0.87). 1,625,547 shares of the company traded hands, compared to its average volume of 756,234. The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90. Synthomer has a one year low of GBX 61 ($0.82) and a one year high of GBX 266 ($3.58). The stock has a market cap of £105.60 million, a price-to-earnings ratio of -1.29, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The stock has a fifty day moving average price of GBX 99.81 and a 200-day moving average price of GBX 109.72.

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

Insider Buying and Selling at Synthomer

In other news, insider Jonathan Silver bought 59,229 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were bought at an average price of GBX 65 ($0.87) per share, for a total transaction of £38,498.85 ($51,773.60). Also, insider Lily Liu bought 20,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was bought at an average cost of GBX 64 ($0.86) per share, for a total transaction of £12,800 ($17,213.56). Over the last ninety days, insiders acquired 99,149 shares of company stock valued at $7,101,965. Insiders own 28.00% of the company's stock.

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.