Synthomer (LON:SYNT) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

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 share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

SYNT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on Synthomer from GBX 140 to GBX 115 and set a "hold" rating on the stock in a report on Wednesday, July 30th. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 100 target price on shares of Synthomer in a research report on Tuesday, August 5th. Finally, Berenberg Bank reduced their target price on shares of Synthomer from GBX 120 to GBX 80 and set a "hold" rating on the stock in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Synthomer has an average rating of "Hold" and an average price target of GBX 142.50.

Synthomer Stock Up 4.9%

The company has a market capitalization of £108.23 million, a PE ratio of -1.32, a P/E/G ratio of -0.17 and a beta of 1.79. The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.97 and a current ratio of 1.90. The company's 50-day moving average is GBX 89.49 and its 200 day moving average is GBX 102.90.

Synthomer (LON:SYNT - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported GBX (5.40) 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%. As a group, analysts anticipate that Synthomer plc will post 12.962963 EPS for the current year.

Insiders Place Their Bets

In other Synthomer news, insider Janet E. Ashdown acquired 19,920 shares of Synthomer stock in a transaction that occurred on 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 bought 20,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was acquired at an average cost of GBX 64 per share, with a total value of £12,800. Insiders acquired a total of 124,149 shares of company stock worth $8,701,965 in the last 90 days. 28.00% of the stock is currently owned by company insiders.

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.