Synthomer (LON:SYNT) Stock Crosses Below Two Hundred Day Moving Average of $256.18

Synthomer plc (LON:SYNTGet Rating) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 256.18 ($3.10) and traded as low as GBX 163.70 ($1.98). Synthomer shares last traded at GBX 167.40 ($2.02), with a volume of 626,638 shares trading hands.

Wall Street Analysts Forecast Growth

SYNT has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on Synthomer from GBX 430 ($5.20) to GBX 350 ($4.23) and set a “neutral” rating for the company in a research report on Wednesday, August 3rd. Barclays reissued an “equal weight” rating and issued a GBX 323 ($3.90) price objective on shares of Synthomer in a report on Wednesday, August 3rd. Finally, Berenberg Bank cut their price objective on Synthomer from GBX 350 ($4.23) to GBX 275 ($3.32) and set a “hold” rating for the company in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 445.50 ($5.38).

Synthomer Stock Down 5.9 %

The stock has a 50 day moving average price of GBX 201.01 and a 200 day moving average price of GBX 254.94. The stock has a market capitalization of £715.49 million and a price-to-earnings ratio of 805.79. The company has a quick ratio of 0.97, a current ratio of 1.60 and a debt-to-equity ratio of 114.88.

Synthomer Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 4 ($0.05) per share. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 1.7%. Synthomer’s dividend payout ratio (DPR) is 157.89%.

Insider Transactions at Synthomer

In other Synthomer news, insider Michael Willome bought 70,000 shares of the stock in a transaction on Thursday, August 4th. The stock was acquired at an average cost of GBX 189 ($2.28) per share, for a total transaction of £132,300 ($159,859.84). In related news, insider Michael Willome bought 70,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were bought at an average price of GBX 189 ($2.28) per share, with a total value of £132,300 ($159,859.84). Also, insider Roberto Gualdoni bought 20,000 shares of the stock in a transaction on Tuesday, August 2nd. The stock was purchased at an average price of GBX 214 ($2.59) per share, for a total transaction of £42,800 ($51,715.80). Insiders purchased 92,000 shares of company stock worth $17,896,000 over the last ninety days.

About Synthomer

(Get Rating)

Synthomer plc operates as a specialty chemicals company. It operates through four segments: Performance Elastomers, Functional Solutions, Industrial Specialities, and Acrylate Monomers. The company offers pressure sensitive adhesives, acrylic polymers, acrylic dispersions, saturants, release coatings, and other adhesives; water-based carboxylated styrene butadiene rubber, redispersible powder, flooring adhesive, and additives for construction applications; and impregnation binders, styrene butadiene copolymers, dispersions, polymer binders, and butadiene-based binders for textiles applications.

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