Syncona (LON:SYNC) Shares Break Above 50-Day Moving Average – Time to Sell?

Syncona (LON:SYNC)’s stock price crossed 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.

Analyst Ratings Changes

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

Syncona Trading Up 1.9%

The business’s 50-day moving average is GBX 120.32 and its two-hundred day moving average is GBX 104.07. The stock has a market capitalization 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.