Synthomer (LON:SYNT) Stock Price Up 0.6% - Should You Buy?

Synthomer plc (LON:SYNT - Get Free Report)'s stock price rose 0.6% during mid-day trading on Monday . The company traded as high as GBX 175.63 ($2.24) and last traded at GBX 171 ($2.18). Approximately 163,101 shares changed hands during trading, a decline of 68% from the average daily volume of 513,549 shares. The stock had previously closed at GBX 170 ($2.17).

Analyst Ratings Changes

SYNT has been the topic of a number of analyst reports. Berenberg Bank reduced their price target on Synthomer from GBX 375 ($4.79) to GBX 340 ($4.34) and set a "buy" rating on the stock in a research report on Tuesday, August 13th. Canaccord Genuity Group reduced their price target on Synthomer from GBX 300 ($3.83) to GBX 275 ($3.51) and set a "buy" rating on the stock in a research report on Friday, October 4th.

Synthomer Stock Performance

The firm has a market capitalization of £276.11 million, a P/E ratio of -276.72, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 77.42. The company has a 50-day moving average of GBX 177.75 and a 200-day moving average of GBX 228.08.

About Synthomer

Synthomer plc operates as a specialty chemicals company in the United Kingdom and internationally. It operates through five segments: Performance Elastomers, Functional Solutions, Industrial Specialities, Acrylate Monomers, and Adhesive Technologies. The company offers adhesives, including PSA labels, packaging and specialty tapes, saturants, release coatings, wood working, wet glues, hygiene and contact adhesives, packaging and assembly hot melt adhesives; coatings products such as architectural, masonry, intumescent, metal, wood, soil releases, blinders, ink receptive, polyester for powder coatings, SYNTHOMER NX for coalescing agents, and SYNOLOX BEPF for glycol.