Shares of Synthomer plc (LON:SYNT – Get Rating) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 211 ($2.59) and last traded at GBX 214.60 ($2.63), with a volume of 424258 shares trading hands. The stock had previously closed at GBX 235 ($2.88).
Wall Street Analyst Weigh In
Separately, Barclays lowered shares of Synthomer to an “equal weight” rating and decreased their price target for the company from GBX 420 ($5.15) to GBX 323 ($3.96) in a research note on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 514 ($6.30).
Synthomer Stock Performance
The company has a debt-to-equity ratio of 64.18, a quick ratio of 1.43 and a current ratio of 1.91. The stock has a market cap of £949.72 million and a P/E ratio of 489.58. The company’s 50 day moving average price is GBX 257.06 and its 200-day moving average price is GBX 291.12.
Synthomer Cuts Dividend
Synthomer Company Profile
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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