Syncona (LON:SYNC) Share Price Breaks Above 50 Day Moving Average – Here’s What Happened

Syncona (LON:SYNC)’s share price passed above its fifty day moving average during trading on Friday. The stock has a fifty 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 traded.

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 189.

Syncona Stock Performance

The company’s 50-day simple moving average is GBX 120.32 and its two-hundred day simple moving average is GBX 104.07. The firm has a market cap of £744.79 million, a PE ratio of -84.45 and a beta of 0.36.

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.