Syncona (LON:SYNC) Sets New 52-Week High – Here’s Why

Shares of Syncona (LON:SYNC) hit a new 52-week high on Tuesday. The company traded as high as GBX 124 and last traded at GBX 124, with a volume of 284641 shares. The stock had previously closed at GBX 122.20.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 189 price objective on shares of Syncona in a research report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Syncona has an average rating of “Buy” and a consensus price target of GBX 189.

Syncona Trading Up 0.9%

The firm has a 50-day moving average of GBX 110.72 and a 200-day moving average of GBX 101.20. The stock has a market capitalization of £749.68 million, a price-to-earnings ratio of -85.01 and a beta of 0.36.

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.