Syncona (LON:SYNC) Stock Jumps 1.9% – Still a Buy?

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

Wall Street Analysts Forecast Growth

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

Syncona Price Performance

The company has a fifty day moving average price of GBX 120.32 and a 200 day moving average price of GBX 104.07. The company 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.