Berenberg Bank Reaffirms "Buy" Rating for Oxford Nanopore Technologies (LON:ONT)

Key Points

• Oxford Nanopore Technologies received a "buy" rating from Berenberg Bank, with a target price of GBX 250, indicating a potential upside of 42.94%.
• Other analysts, including Citigroup and Royal Bank of Canada, also issued buy ratings, raising their price targets to GBX 240 and GBX 250 respectively.
• Despite its recent stock performance, Oxford Nanopore reported a negative net margin of 94.82% and continues to struggle with profitability.

Oxford Nanopore Technologies (LON:ONT - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Berenberg Bank in a report released on Tuesday, MarketBeat.com reports. They presently have a GBX 250 price objective on the stock. Berenberg Bank's price objective points to a potential upside of 54.12% from the company's previous close.

Other equities analysts also recently issued reports about the company. Citigroup increased their target price 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. Royal Bank Of Canada restated an "outperform" rating and set a GBX 250 price target on shares of Oxford Nanopore Technologies in a research note on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 246.67.

Oxford Nanopore Technologies Price Performance

Shares of LON:ONT traded down GBX 0.99 on Tuesday, hitting GBX 162.21. The company had a trading volume of 37,216,852 shares, compared to its average volume of 5,908,114. The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07. 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 of GBX 183 and a 200 day moving average of GBX 139.31. The company has a market cap of £1.56 billion, a PE ratio of -1,096.04 and a beta of 0.80.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last issued its quarterly earnings data 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

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