Synthomer (LON:SYNT) Stock Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Synthomer plc shares have fallen below their 200-day moving average, indicating potential challenges, with the stock last trading at GBX 65.50.
• Research analysts have adjusted their price targets, with Jefferies and Berenberg both setting a "hold" rating and varying price objectives between GBX 80 and 100.
• Insider buying activity is notable, with company insiders purchasing over 124,000 shares worth nearly $8.7 million during the last three months.

Synthomer plc (LON:SYNT - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 105.20 ($1.42) and traded as low as GBX 63.80 ($0.86). Synthomer shares last traded at GBX 65.50 ($0.89), with a volume of 827,724 shares traded.

Wall Street Analyst Weigh In

SYNT has been the topic of several research analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 100 price objective on shares of Synthomer in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Synthomer from GBX 140 to GBX 115 and set a "hold" rating on the stock in a research report on Wednesday, July 30th. Finally, Berenberg Bank dropped 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. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of GBX 142.50.

Synthomer Stock Performance

The stock has a market cap of £108.23 million, a PE ratio of -1.32, a PEG ratio of -0.17 and a beta of 1.79. The stock has a fifty day simple moving average of GBX 89.49 and a two-hundred day simple moving average of GBX 103.51. 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 (LON:SYNT - Get Free Report) last posted its quarterly earnings data 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%. Equities analysts anticipate that Synthomer plc will post 12.962963 EPS for the current fiscal year.

Insiders Place Their Bets

In other Synthomer news, insider Janet E. Ashdown bought 19,920 shares of the stock in a transaction dated Thursday, July 3rd. The stock was bought at an average cost of GBX 99 per share, for a total transaction of £19,720.80. Also, insider Lily Liu purchased 20,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average price of GBX 64 per share, for a total transaction of £12,800. Insiders have purchased 124,149 shares of company stock valued at $8,701,965 over the last ninety days. 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.