Oxford Nanopore Technologies plc (LON:ONT) Stock Has Average Price Target of GBX 198.60 According to Brokerages

Shares of Oxford Nanopore Technologies plc (LON:ONT - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 198.60.

Several equities research analysts have issued reports on ONT shares. Citigroup downgraded Oxford Nanopore Technologies to a "buy" rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 195 price target on shares of Oxford Nanopore Technologies in a research report on Thursday, August 20th. Peel Hunt reiterated a "hold" rating and set a GBX 153 price objective on shares of Oxford Nanopore Technologies in a report on Monday, July 13th. JPMorgan Chase & Co. boosted their price objective on Oxford Nanopore Technologies from GBX 190 to GBX 220 and gave the company an "overweight" rating in a research report on Thursday, August 27th. Finally, Berenberg Bank decreased their price objective on Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a "buy" rating for the company in a research report on Wednesday, August 19th.

Oxford Nanopore Technologies Price Performance

ONT opened at GBX 211.20 on Tuesday. The company has a quick ratio of 6.01, a current ratio of 3.52 and a debt-to-equity ratio of 9.86. Oxford Nanopore Technologies has a 12 month low of GBX 95.61 and a 12 month high of GBX 239.60. The company has a fifty day simple moving average of GBX 195.45 and a 200 day simple moving average of GBX 143.87. The stock has a market cap of £2.07 billion, a P/E ratio of -16.90 and a beta of 0.87.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The company reported GBX (4.90) EPS for the quarter. Oxford Nanopore Technologies had a negative return on equity of 27.36% and a negative net margin of 51.66%.

Insider Activity at Oxford Nanopore Technologies

In related news, insider Adrian Nevil Hennah purchased 24,000 shares of Oxford Nanopore Technologies stock in a transaction dated Monday, October 12th. The stock was bought at an average price of GBX 216 per share, for a total transaction of £51,840. Also, insider Nick Keher acquired 15,325 shares of the stock in a transaction dated Friday, September 4th. The shares were bought at an average cost of GBX 162 per share, with a total value of £24,826.50. Insiders have acquired a total of 39,885 shares of company stock worth $7,756,678 over the last 90 days. Corporate insiders own 2.53% of the company's stock.

Oxford Nanopore Technologies Company Profile

Oxford Nanopore Technologies' goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere. The Group has developed a new generation of nanopore-based sensing technology that is currently used for real-time, high-performance, accessible, and scalable analysis of DNA and RNA. The technology is used in more than 125 countries, to understand the biology of humans, plants, animals, bacteria, viruses and environments as well as to understand diseases such as cancer.

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