Uwe Halder Purchases 25,000 Shares of Synthomer plc (LON:SYNT) Stock

Key Points

• Uwe Halder, an insider at Synthomer plc, purchased 25,000 shares at an average cost of GBX 64 ($0.86), totaling £16,000 ($21,511.16).
• Synthomer's stock opened at GBX 61.50 ($0.83), reflecting a decline of 1.7% and a significant drop compared to its 52-week high of GBX 266 ($3.58).
• Recent analyst reports have set various target prices for Synthomer, with adjustments from GBX 140 ($1.88) down to GBX 80 ($1.08), while maintaining a "hold" rating.

Synthomer plc (LON:SYNT - Get Free Report) insider Uwe Halder acquired 25,000 shares of Synthomer stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of GBX 64 ($0.86) per share, with a total value of £16,000 ($21,511.16).

Synthomer Stock Down 1.7%

Shares of LON:SYNT opened at GBX 61.50 ($0.83) on Monday. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 78.27. The business has a fifty day moving average of GBX 98.97 and a two-hundred day moving average of GBX 108.90. The stock has a market cap of £100.85 million, a P/E ratio of -1.23, a PEG ratio of -0.17 and a beta of 1.79. Synthomer plc has a 52-week low of GBX 61 ($0.82) and a 52-week high of GBX 266 ($3.58).

Synthomer (LON:SYNT - Get Free Report) last issued 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%. On average, research analysts expect that Synthomer plc will post 12.962963 earnings per share for the current year.

Analyst Ratings Changes

SYNT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Synthomer from GBX 140 ($1.88) to GBX 115 ($1.55) and set a "hold" rating for the company in a research note on Wednesday, July 30th. Jefferies Financial Group restated a "hold" rating and issued a GBX 100 ($1.34) target price on shares of Synthomer in a report on Tuesday, August 5th. Finally, Berenberg Bank dropped their target price on Synthomer from GBX 120 ($1.61) to GBX 80 ($1.08) and set a "hold" rating for the company in a report on Wednesday, August 6th.

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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