Syncona (LON:SYNC) Stock Price Up 1.9% – Time to Buy?

Syncona (LON:SYNC) shares were up 1.9% on Friday. The stock traded as high as GBX 125.25 and last traded at GBX 122.46. Approximately 417,786 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 880,507 shares. The stock had previously closed at GBX 120.20.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 189 price objective on shares of Syncona in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 189.

Syncona Stock Performance

The stock has a market capitalization of £744.79 million, a P/E ratio of -84.45 and a beta of 0.36. The stock has a 50-day moving average price of GBX 120.32 and a two-hundred day moving average price of GBX 104.07.

About Syncona

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.