Oxford Nanopore Technologies (LON:ONT) Receives Outperform Rating from Royal Bank Of Canada

Key Points

• Oxford Nanopore Technologies has received an "outperform" rating with a price target of GBX 250 ($3.36) from the Royal Bank of Canada, suggesting a potential upside of 19.05% from its current price.
• Berenberg Bank also reiterated a "buy" rating for the company's shares, maintaining the same GBX 250 target price.
• The stock has experienced a twelve-month volatility range, with a low of GBX 88.60 ($1.19) and a high of GBX 213.80 ($2.87), while currently trading at GBX 210 ($2.82).

Oxford Nanopore Technologies (LON:ONT - Get Free Report)'s stock had its "outperform" rating reaffirmed by Royal Bank Of Canada in a research note issued to investors on Monday,London Stock Exchange reports. They presently have a GBX 250 ($3.36) price objective on the stock. Royal Bank Of Canada's price objective would suggest a potential upside of 19.05% from the stock's current price.

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 250 ($3.36) target price on shares of Oxford Nanopore Technologies in a research note on Monday, July 21st.

Oxford Nanopore Technologies Price Performance

Shares of ONT opened at GBX 210 ($2.82) on Monday. Oxford Nanopore Technologies has a twelve month low of GBX 88.60 ($1.19) and a twelve month high of GBX 213.80 ($2.87). The company has a market capitalization of £1.99 billion, a P/E ratio of -11.31 and a beta of 0.80. The firm has a 50 day moving average of GBX 137.08 and a 200 day moving average of GBX 126.49. The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07.

Insider Transactions at Oxford Nanopore Technologies

In other news, insider Gurdial (Gordon) Sanghera sold 20,188 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of GBX 119 ($1.60), for a total transaction of £24,023.72 ($32,281.27). In the last quarter, insiders have bought 332 shares of company stock worth $45,170. 32.62% of the stock is currently owned by corporate insiders.

Oxford Nanopore Technologies Company Profile

Our goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.