Synthomer (LON:SYNT) Stock Price Down 18% - Time to Sell?

Key Points

• Synthomer plc's stock price fell sharply, down 18% to GBX 64.65 ($0.86), with trading volume significantly higher than average at approximately 5.5 million shares.
• Analysts revised their price targets, with Deutsche Bank lowering theirs from GBX 140 ($1.86) to GBX 115 ($1.53) while maintaining a "hold" rating.
• Insiders have been buying shares, with notable purchases occurring at an average price of GBX 64 ($0.85), indicating potential confidence in the company's future.

Synthomer plc (LON:SYNT - Get Free Report) dropped 18% during mid-day trading on Tuesday . The company traded as low as GBX 62 ($0.82) and last traded at GBX 64.65 ($0.86). Approximately 5,529,990 shares changed hands during mid-day trading, an increase of 657% from the average daily volume of 730,243 shares. The stock had previously closed at GBX 78.80 ($1.05).

Analyst Ratings Changes

SYNT has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Synthomer from GBX 140 ($1.86) to GBX 115 ($1.53) and set a "hold" rating on the stock in a research report on Wednesday, July 30th. Jefferies Financial Group reiterated a "hold" rating and set a GBX 100 ($1.33) target price on shares of Synthomer in a research report on Tuesday.

Synthomer Stock Down 20.1%

The firm has a market cap of £103.31 million, a P/E ratio of -1.26, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The stock's 50 day simple moving average is GBX 102.18 and its 200 day simple moving average is GBX 110.90. 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 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%. Research analysts anticipate that Synthomer plc will post 12.962963 EPS for the current year.

Insider Buying and Selling at Synthomer

In related news, insider Janet E. Ashdown purchased 19,920 shares of Synthomer stock in a transaction that occurred on Thursday, July 3rd. The stock was bought at an average price of GBX 99 ($1.32) per share, for a total transaction of £19,720.80 ($26,210.53). Also, insider Lily Liu acquired 20,000 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were acquired at an average cost of GBX 64 ($0.85) per share, for a total transaction of £12,800 ($17,012.23). Corporate 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.

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