Syncona (LON:SYNC) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Syncona (LON:SYNCGet Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 107.19 and traded as high as GBX 117. Syncona shares last traded at GBX 114.60, with a volume of 1,800,084 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reissued a “buy” rating and set a GBX 189 target price on shares of Syncona in a research note on Tuesday, August 4th. One 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.

Check Out Our Latest Stock Analysis on SYNC

Syncona Price Performance

The firm has a market cap of £688.48 million, a price-to-earnings ratio of -78.07 and a beta of 0.36. The business has a fifty day simple moving average of GBX 107.55 and a 200 day simple moving average of GBX 98.93.

Insider Activity at Syncona

In other news, insider John Roche acquired 16,063 shares of Syncona stock in a transaction that occurred on Friday, June 19th. The stock was purchased at an average cost of GBX 100 per share, with a total value of £16,063. Insiders own 0.75% of the company’s stock.

Syncona Company Profile

(Get Free Report)

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.

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