Oxford Nanopore Technologies (LON:ONT) Receives "Buy" Rating from Berenberg Bank

Key Points

• Berenberg Bank restated a "buy" rating for Oxford Nanopore Technologies with a price target of GBX 250 ($3.34), indicating a potential upside of 21.71% from its previous close.
• Royal Bank of Canada also reissued an "outperform" rating, matching the same price target of GBX 250 ($3.34) for the company's shares.
• The stock opened at GBX 205.40 ($2.74) and has a market cap of £1.95 billion, with twelve-month price fluctuations between GBX 88.60 ($1.18) and GBX 220 ($2.94).

Oxford Nanopore Technologies (LON:ONT - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Berenberg Bank in a research note issued on Tuesday, Marketbeat Ratings reports. They presently have a GBX 250 ($3.32) price objective on the stock. Berenberg Bank's target price suggests a potential upside of 25.31% from the company's current price.

Separately, Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 250 ($3.32) target price on shares of Oxford Nanopore Technologies in a research report on Monday, July 28th.

Oxford Nanopore Technologies Price Performance

Shares of Oxford Nanopore Technologies stock traded down GBX 4.50 ($0.06) during midday trading on Tuesday, hitting GBX 199.50 ($2.65). 1,580,216 shares of the company traded hands, compared to its average volume of 6,345,366. The stock has a market cap of £1.89 billion, a price-to-earnings ratio of -10.74 and a beta of 0.80. The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45. The firm's fifty day moving average price is GBX 145.29 and its 200-day moving average price is GBX 128.87. Oxford Nanopore Technologies has a 12 month low of GBX 88.60 ($1.18) and a 12 month high of GBX 220 ($2.92).

About Oxford Nanopore Technologies

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