Roberto Gualdoni Purchases 20,000 Shares of Synthomer plc (LON:SYNT) Stock
Synthomer plc (LON:SYNT – Get Rating) insider Roberto Gualdoni purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were purchased at an average cost of GBX 214 ($2.62) per share, for a total transaction of £42,800 ($52,444.55).
Synthomer Stock Performance
LON:SYNT opened at GBX 200.99 ($2.46) on Wednesday. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.91 and a quick ratio of 1.43. The firm has a 50-day moving average of GBX 255.01 and a two-hundred day moving average of GBX 290.54. The stock has a market cap of £939.30 million and a P/E ratio of 421.00. Synthomer plc has a 1-year low of GBX 199 ($2.44) and a 1-year high of GBX 570.50 ($6.99).
Synthomer Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 4 ($0.05) per share. The ex-dividend date is Thursday, October 6th. This represents a yield of 1.7%. Synthomer’s dividend payout ratio (DPR) is 36.04%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on SYNT shares. Barclays restated an “equal weight” rating and set a GBX 323 ($3.96) price objective on shares of Synthomer in a report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Synthomer from GBX 430 ($5.27) to GBX 350 ($4.29) and set a “neutral” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 493.50 ($6.05).
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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