Royal Bank Of Canada Reiterates Outperform Rating for Oxford Nanopore Technologies (LON:ONT)

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 reiterated by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Monday, Marketbeat reports. They presently have a GBX 250 ($3.31) target price on the stock. Royal Bank Of Canada's price objective suggests a potential upside of 22.37% from the company's previous close.

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 250 ($3.31) price objective on shares of Oxford Nanopore Technologies in a report on Monday, July 21st.

Oxford Nanopore Technologies Stock Performance

LON:ONT traded up GBX 2.09 ($0.03) during midday trading on Monday, reaching GBX 204.29 ($2.71). The stock had a trading volume of 2,252,520 shares, compared to its average volume of 6,377,781. 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 has a 1-year low of GBX 88.60 ($1.17) and a 1-year high of GBX 220 ($2.92). The firm's fifty day simple moving average is GBX 142.25 and its 200-day simple moving average is GBX 128.18. The stock has a market capitalization of £1.94 billion, a P/E ratio of -11.00 and a beta of 0.80.

Oxford Nanopore Technologies Company Profile

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