Oxford Nanopore Technologies (LON:ONT) Given New GBX 280 Price Target 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 hoisted by analysts at Royal Bank Of Canada from GBX 250 to GBX 280 in a research note issued on Monday,London Stock Exchange reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 69.39% from the stock's previous close.

ONT has been the topic of a number of other research reports. Berenberg Bank reissued a "buy" rating and set a GBX 250 price objective on shares of Oxford Nanopore Technologies in a report on Tuesday, September 2nd. Citigroup boosted their price target on Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of GBX 256.67.

Oxford Nanopore Technologies Stock Up 1.9%

ONT opened at GBX 165.30 on Monday. Oxford Nanopore Technologies has a 52 week low of GBX 88.60 and a 52 week high of GBX 224.80. The business has a 50 day moving average price of GBX 183 and a two-hundred day moving average price of GBX 139.43. The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07. The company has a market cap of £1.59 billion, a PE ratio of -1,116.89 and a beta of 0.80.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last released its earnings results on Tuesday, September 2nd. The company reported GBX (7.50) 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

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