Berenberg Bank Cuts Oxford Nanopore Technologies (LON:ONT) Price Target to GBX 250

Oxford Nanopore Technologies (LON:ONT) had its price objective reduced by Berenberg Bank from GBX 282 ($3.64) to GBX 250 ($3.23) in a report issued on Wednesday, MarketBeat reports. They currently have a buy rating on the stock.

Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Oxford Nanopore Technologies in a research report on Friday, December 6th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Oxford Nanopore Technologies has a consensus rating of “Buy” and an average target price of GBX 227.50 ($2.94).

Oxford Nanopore Technologies Stock Performance

Shares of Oxford Nanopore Technologies stock opened at GBX 111.50 ($1.44) on Wednesday. The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07. The firm has a market capitalization of £1.06 billion, a P/E ratio of -6.00 and a beta of 0.80. The business has a fifty day simple moving average of GBX 124.63 and a two-hundred day simple moving average of GBX 136.64. Oxford Nanopore Technologies has a 12 month low of GBX 85 ($1.10) and a 12 month high of GBX 169.20 ($2.18).

Oxford Nanopore Technologies (LON:ONT) last announced its quarterly earnings data on Tuesday, March 4th. The company reported GBX (16) (($0.21)) EPS for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.

Insider Transactions at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider John O’Higgins bought 77,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of GBX 97 ($1.25) per share, with a total value of £74,690 ($96,436.41). Insiders purchased a total of 77,223 shares of company stock valued at $7,499,090 in the last quarter. 32.62% of the stock is owned by 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.