Synthomer (LON:SYNT) Trading Up 62.9% – Still a Buy?

Synthomer plc (LON:SYNT)’s share price shot up 62.9% on Thursday . The stock traded as high as GBX 35.62 and last traded at GBX 29.32. 18,502,926 shares traded hands during trading, an increase of 895% from the average session volume of 1,859,002 shares. The stock had previously closed at GBX 18.

Analyst Ratings Changes

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

Synthomer Trading Up 3.1%

The business’s 50 day moving average price is GBX 36.63 and its two-hundred day moving average price is GBX 51.94. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.97 and a current ratio of 1.64. The company has a market capitalization of £43.80 million, a price-to-earnings ratio of -0.52, a price-to-earnings-growth ratio of -0.17 and a beta of 1.86.

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.