Synthomer (LON:SYNT) Shares Up 13.3% – Still a Buy?

Synthomer plc (LON:SYNT)’s share price shot up 13.3% on Thursday . The stock traded as high as GBX 153 ($1.98) and last traded at GBX 153 ($1.98). 2,282,926 shares were traded during mid-day trading, an increase of 257% from the average session volume of 640,268 shares. The stock had previously closed at GBX 135 ($1.74).

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their target price on shares of Synthomer from GBX 265 ($3.43) to GBX 230 ($2.97) and set a “buy” rating for the company in a report on Monday, January 6th.

Synthomer Trading Up 1.2 %

The company’s 50 day simple moving average is GBX 142.41 and its 200 day simple moving average is GBX 174.62. The firm has a market cap of £253.84 million, a price-to-earnings ratio of -3.10, a P/E/G ratio of -0.17 and a beta of 1.79. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97.

Synthomer Company Profile

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.