Synthomer (LON:SYNT) Stock Price Down 0.5% – Should You Sell?

Synthomer plc (LON:SYNT) shares dropped 0.5% during trading on Wednesday . The stock traded as low as GBX 56 and last traded at GBX 56.50. Approximately 208,457 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 626,083 shares. The stock had previously closed at GBX 56.80.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on Synthomer from GBX 96 to GBX 62 and set a “hold” rating for the company in a report on Monday, February 2nd. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 90.50.

Synthomer Stock Performance

The company’s 50-day moving average is GBX 58.06 and its two-hundred day moving average is GBX 60.78. The company has a market capitalization of £34.12 million, a P/E ratio of -0.41, a PEG ratio of -0.17 and a beta of 1.79. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 78.27.

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.