Syncona (LON:SYNC) Shares Down 0.4% – Should You Sell?

Shares of Syncona (LON:SYNC) dropped 0.4% on Friday . The company traded as low as GBX 99.60 and last traded at GBX 100. Approximately 543,492 shares were traded during mid-day trading, an increase of 51% from the average daily volume of 358,834 shares. The stock had previously closed at GBX 100.40.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 189 price target on shares of Syncona in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 189.

Syncona Price Performance

The firm has a fifty day moving average of GBX 96.20 and a 200 day moving average of GBX 96.85. The stock has a market capitalization of £608.19 million, a price-to-earnings ratio of -6.64 and a beta of 0.26.

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.