Oxford Nanopore Technologies (LON:ONT) Price Target Raised to GBX 280 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada increased the price target for Oxford Nanopore Technologies from GBX 250 to GBX 280, suggesting a potential upside of 69.39% from the stock's previous close.
• Oxford Nanopore's stock has a current average rating of "Buy" from analysts, with four analysts specifically endorsing it.
• The company's latest earnings report indicated a negative EPS of GBX (7.50) and a significant negative net margin of 94.82%.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) had its price target boosted by Royal Bank Of Canada from GBX 250 to GBX 280 in a report released on Monday, Marketbeat.com reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 68.16% from the stock's current price.

ONT has been the subject of a number of other reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 250 target price on shares of Oxford Nanopore Technologies in a research note on Tuesday, September 2nd. Citigroup lifted their target price on shares of Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, Oxford Nanopore Technologies has an average rating of "Buy" and a consensus target price of GBX 245.

Oxford Nanopore Technologies Stock Down 2.1%

ONT traded down GBX 3.49 on Monday, reaching GBX 166.51. 1,519,428 shares of the company traded hands, compared to its average volume of 5,791,452. The stock's 50 day moving average price is GBX 185.75 and its 200-day moving average price is GBX 141.22. Oxford Nanopore Technologies has a 52-week low of GBX 88.60 and a 52-week high of GBX 224.80. The company has a market cap of £1.60 billion, a price-to-earnings ratio of -1,125.09 and a beta of 0.80. The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last posted 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 net margin of 94.82% and a negative return on equity of 26.02%.

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.