Syncona’s (SYNC) Buy Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of Syncona (LON:SYNC) in a research report sent to investors on Tuesday morning,Digital Look reports. The brokerage currently has a GBX 189 price objective on the stock.

Syncona Stock Performance

Syncona stock opened at GBX 108.60 on Tuesday. Syncona has a 52-week low of GBX 86.80 and a 52-week high of GBX 109.80. The firm has a 50 day moving average price of GBX 103.40 and a two-hundred day moving average price of GBX 97.53. The firm has a market cap of £660.50 million, a price-to-earnings ratio of -74.90 and a beta of 0.36.

Insiders Place Their Bets

In other news, insider John Roche bought 16,063 shares of the stock in a transaction that occurred on Friday, June 19th. The stock was acquired at an average price of GBX 100 per share, with a total value of £16,063. 0.75% of the stock is owned by corporate insiders.

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.