Syncona (LON:SYNC) Shares Break Above Fifty Day Moving Average – Here’s Why

Shares of Syncona (LON:SYNC) passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 120.32 and traded as high as GBX 125.25. Syncona shares last traded at GBX 122.46, with a volume of 417,786 shares changing hands.

Analysts Set New Price Targets

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, the stock currently has an average rating of “Buy” and an average target price of GBX 189.

Syncona Trading Up 1.9%

The company has a market capitalization of £744.79 million, a P/E ratio of -84.45 and a beta of 0.36. The business’s 50-day simple moving average is GBX 120.32 and its 200 day simple moving average is GBX 104.07.

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.