Oxford Nanopore Technologies (LON:ONT) Price Target Cut to GBX 225 by Analysts at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut its price target on Oxford Nanopore from GBX 300 to GBX 225 while maintaining an "outperform" rating, which the note says implies roughly a 90% upside from the stock's prior close.
• Analyst consensus is a Moderate Buy with an average price target of GBX 218.60; four analysts rate the stock Buy and one rates it Hold, with individual targets ranging from GBX 153 to GBX 250.
• Fundamentals show the stock trading near GBX 118.20 (market cap £1.14bn) with negative EPS (GBX -15.10) and a -64.85% net margin, and a 12‑month high of GBX 224.80.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) had its price target cut by research analysts at Royal Bank Of Canada from GBX 300 to GBX 225 in a note issued to investors on Tuesday,Digital Look reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective would suggest a potential upside of 90.36% from the company's previous close.

Several other brokerages have also recently weighed in on ONT. Peel Hunt restated a "hold" rating and set a GBX 153 target price on shares of Oxford Nanopore Technologies in a report on Friday, December 5th. Berenberg Bank reiterated a "buy" rating and issued a GBX 250 price objective on shares of Oxford Nanopore Technologies in a research report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Oxford Nanopore Technologies from GBX 210 to GBX 225 and gave the stock a "buy" rating in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 218.60.

Oxford Nanopore Technologies Stock Performance

Oxford Nanopore Technologies stock opened at GBX 118.20 on Tuesday. The company has a quick ratio of 6.01, a current ratio of 3.56 and a debt-to-equity ratio of 8.96. The company has a market capitalization of £1.14 billion, a PE ratio of -7.99 and a beta of 0.83. The firm has a fifty day simple moving average of GBX 138.16 and a two-hundred day simple moving average of GBX 139.90. Oxford Nanopore Technologies has a twelve month low of GBX 96.35 and a twelve month high of GBX 224.80.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last announced its quarterly earnings data on Monday, March 2nd. The company reported GBX (15.10) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative net margin of 64.85% and a negative return on equity of 29.43%.

About Oxford Nanopore Technologies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.