Synthomer (LON:SYNT) Shares Down 16.4% - What's Next?

Key Points

• Synthomer plc's shares experienced a significant decline of 16.4%, closing at GBX 65.90 ($0.88), following a trading volume increase to approximately 5.2 million shares.
• Analysts have lowered their price targets for Synthomer, with Deutsche Bank reducing its target from GBX 140 ($1.86) to GBX 115 ($1.53) while maintaining a "hold" rating.
• The company reported a negative EPS of GBX (5.40) (($0.07)) for the recent quarter, along with a negative net margin of 4.40% and a negative return on equity of 7.52%.

Synthomer plc (LON:SYNT - Get Free Report)'s share price traded down 16.4% on Tuesday . The stock traded as low as GBX 62 ($0.83) and last traded at GBX 65.90 ($0.88). 5,232,835 shares were traded during mid-day trading, an increase of 619% from the average session volume of 728,262 shares. The stock had previously closed at GBX 78.80 ($1.05).

Analyst Upgrades and Downgrades

Several analysts have recently commented on SYNT shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Synthomer from GBX 140 ($1.87) to GBX 115 ($1.54) and set a "hold" rating on the stock in a research report on Wednesday, July 30th. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 100 ($1.34) price target on shares of Synthomer in a research note on Tuesday.

Synthomer Stock Performance

The stock has a market capitalization of £103.63 million, a PE ratio of -1.27, 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 firm's 50 day moving average is GBX 101.36 and its two-hundred day moving average is GBX 110.56.

Synthomer (LON:SYNT - Get Free Report) last released 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 net margin of 4.40% and a negative return on equity of 7.52%. As a group, research analysts predict that Synthomer plc will post 12.962963 earnings per share for the current year.

Insider Transactions at Synthomer

In related news, insider Jonathan Silver purchased 59,229 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average cost of GBX 65 ($0.87) per share, for a total transaction of £38,498.85 ($51,427.80). Also, insider Lily Liu acquired 20,000 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were purchased at an average cost of GBX 64 ($0.85) per share, for a total transaction of £12,800 ($17,098.58). In the last 90 days, insiders have acquired 99,149 shares of company stock valued at $7,101,965. 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.