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

Key Points

• Royal Bank of Canada has reaffirmed an "outperform" rating for Oxford Nanopore Technologies with a price target of GBX 250, indicating a potential upside of 35.43% from its previous close.
• Other firms like Berenberg Bank and Citigroup have also given buy ratings with price objectives set at GBX 250 and GBX 240, respectively.
• The stock is currently trading at GBX 184.60, having a 52-week low of GBX 88.60 and a high of GBX 224.80, along with a market cap of £1.75 billion.

Oxford Nanopore Technologies (LON:ONT - Get Free Report)'s stock had its "outperform" rating reaffirmed by stock analysts at Royal Bank Of Canada in a note issued to investors on Friday, MarketBeat reports. They currently have a GBX 250 target price on the stock. Royal Bank Of Canada's target price would indicate a potential upside of 54.70% from the stock's previous close.

Several other equities research analysts have also commented on ONT. Berenberg Bank restated a "buy" rating and issued a GBX 250 price objective on shares of Oxford Nanopore Technologies in a research report on Tuesday, July 29th. Citigroup boosted their price target on shares of Oxford Nanopore Technologies from GBX 180 to GBX 240 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of GBX 232.50.

Oxford Nanopore Technologies Stock Down 12.8%

Shares of LON ONT traded down GBX 23.70 during mid-day trading on Friday, reaching GBX 161.60. 3,482,561 shares of the company's stock traded hands, compared to its average volume of 5,776,637. The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01. The stock has a market cap of £1.55 billion, a P/E ratio of -1,010.00 and a beta of 0.80. Oxford Nanopore Technologies has a 1-year low of GBX 88.60 and a 1-year high of GBX 224.80. The business has a 50-day simple moving average of GBX 180.45 and a 200 day simple moving average of GBX 138.49.

Oxford Nanopore Technologies (LON:ONT - Get Free Report) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported GBX (7.50) earnings per share 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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