Synthomer (LON:SYNT) Share Price Passes Below 200-Day Moving Average of $330.63

Synthomer PLC (LON:SYNT)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $330.63 and traded as low as $304.20. Synthomer shares last traded at $306.80, with a volume of 411,318 shares traded.

A number of brokerages recently issued reports on SYNT. Credit Suisse Group lowered their price objective on Synthomer from GBX 400 ($5.23) to GBX 370 ($4.83) and set a “neutral” rating on the stock in a research report on Friday, August 9th. UBS Group restated a “neutral” rating and set a GBX 290 ($3.79) target price on shares of Synthomer in a research report on Monday, November 25th. Peel Hunt restated a “buy” rating and issued a GBX 375 ($4.90) target price (down from GBX 435 ($5.68)) on shares of Synthomer in a research note on Friday, October 25th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 340 ($4.44) price target (down previously from GBX 375 ($4.90)) on shares of Synthomer in a report on Monday, October 28th. Finally, Berenberg Bank dropped their price target on Synthomer from GBX 360 ($4.70) to GBX 345 ($4.51) and set a “buy” rating for the company in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 423 ($5.53).

The company has a market capitalization of $1.22 billion and a PE ratio of 13.62. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 77.42. The firm’s 50-day moving average is GBX 296.74 and its 200-day moving average is GBX 328.62.

Synthomer Company Profile (LON:SYNT)

Synthomer plc operates as a specialty chemicals company in Europe, North America, Asia, and internationally. The company offers pressure-sensitive adhesives, acrylic polymers, acrylic dispersions, and other adhesives; latices for foamed bedding products and footwear; and binders for carpet applications.

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