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

Synthomer PLC (LON:SYNT)’s stock price crossed 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 equities research analysts recently weighed in on SYNT shares. Deutsche Bank restated a “buy” rating and issued a GBX 340 ($4.44) target price (down previously from GBX 375 ($4.90)) on shares of Synthomer in a report on Monday, October 28th. Canaccord Genuity cut their price target on Synthomer from GBX 550 ($7.19) to GBX 525 ($6.86) and set a “buy” rating for the company in a research note on Friday, October 25th. UBS Group reissued a “neutral” rating and set a GBX 290 ($3.79) price objective on shares of Synthomer in a report on Monday, November 25th. Peel Hunt lowered their price objective on Synthomer from GBX 450 ($5.88) to GBX 435 ($5.68) and set a “buy” rating for the company in a research note on Monday, September 16th. Finally, Credit Suisse Group dropped their target price on Synthomer from GBX 400 ($5.23) to GBX 370 ($4.83) and set a “neutral” rating on the stock in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 423 ($5.53).

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

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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