Oxford Nanopore Technologies (LON:ONT) Price Target Raised to GBX 220

Oxford Nanopore Technologies (LON:ONT) had its target price upped by JPMorgan Chase & Co. from GBX 190 to GBX 220 in a research note released on Thursday morning,Digital Look reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

ONT has been the topic of a number of other research reports. Peel Hunt reaffirmed a “hold” rating and issued a GBX 153 price target on shares of Oxford Nanopore Technologies in a research report on Monday, July 13th. Berenberg Bank lowered their price objective on Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Citigroup downgraded Oxford Nanopore Technologies to a “buy” rating in a research report on Monday, July 20th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 225 target price on shares of Oxford Nanopore Technologies in a research note on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 195 target price on shares of Oxford Nanopore Technologies in a report on Thursday, August 20th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 198.60.

Oxford Nanopore Technologies Stock Down 2.8%

Shares of LON ONT opened at GBX 176.10 on Thursday. Oxford Nanopore Technologies has a 12-month low of GBX 95.61 and a 12-month high of GBX 204.66. The company has a 50-day moving average of GBX 126.09 and a 200 day moving average of GBX 123.74. The company has a current ratio of 3.52, a quick ratio of 6.01 and a debt-to-equity ratio of 9.86. The stock has a market cap of £1.72 billion, a PE ratio of -11.66 and a beta of 0.91.

Oxford Nanopore Technologies (LON:ONT) last released its earnings results on Wednesday, August 19th. The company reported GBX (4.90) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative net margin of 54.66% and a negative return on equity of 35.45%.

About Oxford Nanopore Technologies

Oxford Nanopore Technologies’ goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere. The Group has developed a new generation of nanopore-based sensing technology that is currently used for real-time, high-performance, accessible, and scalable analysis of DNA and RNA. The technology is used in more than 125 countries, to understand the biology of humans, plants, animals, bacteria, viruses and environments as well as to understand diseases such as cancer.