Syncona (LON:SYNC) Shares Up 0.9% – Time to Buy?

Syncona (LON:SYNC)’s share price traded up 0.9% during mid-day trading on Friday . The company traded as high as GBX 94.50 and last traded at GBX 94. 92,251 shares traded hands during trading, a decline of 86% from the average session volume of 656,103 shares. The stock had previously closed at GBX 93.20.

Analyst Ratings Changes

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 189 target price on shares of Syncona in a report on Thursday, November 13th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 189.

Syncona Stock Up 0.9%

The firm has a 50 day moving average price of GBX 97.29 and a two-hundred day moving average price of GBX 96.23. The company has a market cap of £571.70 million, a price-to-earnings ratio of -6.25 and a beta of 0.26.

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.