Syncona (LON:SYNC) Stock Price Down 0.7% – Time to Sell?

Shares of Syncona (LON:SYNC) traded down 0.7% during trading on Friday . The stock traded as low as GBX 97.73 and last traded at GBX 98.34. 589,299 shares changed hands during mid-day trading, an increase of 48% from the average session volume of 397,988 shares. The stock had previously closed at GBX 99.

Analysts Set New Price Targets

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 189 price objective on shares of Syncona in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 189.

Syncona Stock Down 0.7%

The company’s fifty day moving average price is GBX 96.77 and its two-hundred day moving average price is GBX 97.23. The company has a market cap of £598.07 million, a price-to-earnings ratio of -6.53 and a beta of 0.26.

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.