Citigroup Issues Positive Forecast for Oxford Nanopore Technologies (LON:ONT) Stock Price

Key Points

• Citigroup has raised the price target for Oxford Nanopore Technologies from GBX 180 to GBX 240, indicating a potential upside of 13.59% from the company's previous close.
• Other analysts, including Berenberg Bank and Royal Bank of Canada, have also set a target price of GBX 250, reaffirming a "buy" rating for the stock.
• The company's stock was trading up 6.5% on Tuesday, with shares opening at GBX 211.29.

Oxford Nanopore Technologies (LON:ONT - Free Report) had its target price upped by Citigroup from GBX 180 ($2.42) to GBX 240 ($3.23) in a research note released on Tuesday morning, MarketBeat.com reports. Citigroup currently has a buy rating on the stock.

A number of other research firms have also commented on ONT. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 250 ($3.36) price target on shares of Oxford Nanopore Technologies in a research report on Monday, July 28th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 250 ($3.36) price objective on shares of Oxford Nanopore Technologies in a research note on Tuesday, July 29th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 232.50 ($3.13).

Oxford Nanopore Technologies Trading Down 1.2%

Shares of Oxford Nanopore Technologies stock traded down GBX 2.67 ($0.04) during trading on Tuesday, hitting GBX 211.33 ($2.84). The company's stock had a trading volume of 1,067,917 shares, compared to its average volume of 6,224,218. The stock has a market cap of £2.01 billion, a price-to-earnings ratio of -11.38 and a beta of 0.80. Oxford Nanopore Technologies has a 52 week low of GBX 88.60 ($1.19) and a 52 week high of GBX 220 ($2.96). The stock has a 50-day moving average price of GBX 151.98 and a two-hundred day moving average price of GBX 130.75. 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 Company Profile

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