Syncona (LON:SYNC) Shares Down 0.7% – Should You Sell?

Syncona (LON:SYNC) fell 0.7% 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.

Analyst Upgrades and Downgrades

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

Syncona Trading Down 0.7%

The business’s fifty day moving average price is GBX 96.77 and its 200 day moving average price is GBX 97.23. The company has a market capitalization of £598.07 million, a P/E ratio of -6.53 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.