Deutsche Bank Aktiengesellschaft Raises Oxford Nanopore Technologies (LON:ONT) Price Target to GBX 210

Key Points

• Deutsche Bank Aktiengesellschaft has raised the price target for Oxford Nanopore Technologies from GBX 190 to GBX 210, indicating a potential upside of 21.32% from the stock's previous close.
• Royal Bank Of Canada and Citigroup have also increased their price targets for Oxford Nanopore, with targets of GBX 280 and GBX 240 respectively; the stock currently has an average rating of "Buy."
• Despite the positive outlook from analysts, the shares opened down 0.7% on Thursday, trading at GBX 173.10, with a 12-month high of GBX 224.80.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) had its price target increased by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 190 to GBX 210 in a report released on Thursday,London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 21.32% from the stock's previous close.

Several other research analysts have also commented on the company. Royal Bank Of Canada lifted their price target on Oxford Nanopore Technologies from GBX 250 to GBX 280 and gave the stock an "outperform" rating in a research report on Monday. Citigroup lifted their price target on Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 250 price target on shares of Oxford Nanopore Technologies in a research report on Tuesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Oxford Nanopore Technologies presently has an average rating of "Buy" and a consensus target price of GBX 245.

Oxford Nanopore Technologies Trading Down 0.7%

Shares of ONT stock opened at GBX 173.10 on Thursday. Oxford Nanopore Technologies has a 12-month low of GBX 88.60 and a 12-month high of GBX 224.80. The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07. The stock's 50-day moving average price is GBX 184.90 and its 200-day moving average price is GBX 140.23. The stock has a market capitalization of £1.67 billion, a price-to-earnings ratio of -1,169.59 and a beta of 0.80.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last issued its earnings results on Tuesday, September 2nd. The company reported GBX (7.50) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.

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.

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