Synthomer (LON:SYNT) Stock Price Crosses Below 200-Day Moving Average of $256.18

Shares of Synthomer plc (LON:SYNTGet Rating) 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 changing hands.

Analyst Ratings Changes

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

Synthomer Stock Down 5.9 %

The company has a market cap of £715.49 million and a P/E 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. The business’s 50 day moving average is GBX 201.01 and its 200 day moving average is GBX 254.94.

Synthomer Cuts Dividend

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

Insider Buying and Selling at Synthomer

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

Synthomer Company Profile

(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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