Syncona (LON:SYNC) Stock Price Up 1.9% – Here’s What Happened

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

Analysts Set New Price Targets

Separately, Peel Hunt restated a “buy” rating and set a GBX 189 target price on shares of Syncona in a research note on Monday, October 12th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 189.

Syncona Stock Performance

The company has a fifty day simple moving average of GBX 120.32 and a two-hundred day simple moving average of GBX 104.07. The firm has a market capitalization of £744.79 million, a PE ratio of -84.45 and a beta of 0.36.

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.