Syncona (LON:SYNC) Reaches New 52-Week High – What’s Next?

Syncona (LON:SYNC)’s share price reached a new 52-week high during trading on Friday. The company traded as high as GBX 126 and last traded at GBX 126, with a volume of 222,727 shares traded. The stock had previously closed at GBX 125.60.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 189 price objective on shares of Syncona in a research note on Monday. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 189.

Syncona Stock Up 1.4%

The firm’s 50 day simple moving average is GBX 115.05 and its 200-day simple moving average is GBX 103.89. The company has a market capitalization of £774.85 million, a PE ratio of -87.86 and a beta of 0.36.

Syncona Company Profile

Syncona’s purpose is to invest to extend and enhance human life. We do this by creating, building and scaling companies to deliver transformational treatments to patients in areas of high unmet need. We aim to build and maintain a diversified portfolio of 20-25 globally leading life science businesses, across development stage, modality and therapeutic area, for the benefit of all our stakeholders. We focus on developing treatments that deliver patient impact by working in close partnership with world-class academic founders and experienced management teams.