Syncona (LON:SYNC) Sets New 52-Week High – Still a Buy?

Shares of Syncona (LON:SYNC) reached a new 52-week high on Monday . The stock traded as high as GBX 118.69 and last traded at GBX 118.69, with a volume of 1086872 shares. The stock had previously closed at GBX 111.60.

Analyst Ratings Changes

Separately, Peel Hunt reissued a “buy” rating and set a GBX 189 target price on shares of Syncona in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 189.

Syncona Stock Up 1.9%

The stock has a market cap of £718.87 million, a price-to-earnings ratio of -81.51 and a beta of 0.36. The company’s 50-day simple moving average is GBX 109.63 and its 200-day simple moving average is GBX 100.50.

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.