Oxford Nanopore Technologies plc (LON:ONT) Stock Has Average Target Price of GBX 198.60 According to Analysts

Shares of Oxford Nanopore Technologies plc (LON:ONT) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 198.60.

Several analysts recently issued reports on ONT shares. Berenberg Bank cut their price target on shares of Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Peel Hunt reissued a “hold” rating and issued a GBX 153 target price on shares of Oxford Nanopore Technologies in a research report on Monday, July 13th. JPMorgan Chase & Co. upped their target price on shares of Oxford Nanopore Technologies from GBX 190 to GBX 220 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 195 price target on shares of Oxford Nanopore Technologies in a research report on Thursday, August 20th. Finally, Citigroup cut shares of Oxford Nanopore Technologies to a “buy” rating in a research report on Monday, July 20th.

Oxford Nanopore Technologies Stock Performance

Shares of ONT opened at GBX 211.80 on Friday. The firm has a market cap of £2.07 billion, a price-to-earnings ratio of -16.94 and a beta of 0.87. The company has a quick ratio of 6.01, a current ratio of 3.52 and a debt-to-equity ratio of 9.86. The business’s 50 day moving average is GBX 173.15 and its two-hundred day moving average is GBX 138.09. Oxford Nanopore Technologies has a 52-week low of GBX 95.61 and a 52-week high of GBX 238.80.

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

Insider Buying and Selling

In other Oxford Nanopore Technologies news, insider Nick Keher bought 15,325 shares of the company’s stock in a transaction on Friday, September 4th. The shares were bought at an average cost of GBX 162 per share, with a total value of £24,826.50. Also, insider Adrian Nevil Hennah purchased 24,000 shares of Oxford Nanopore Technologies stock in a transaction dated Monday, October 12th. The stock was acquired at an average price of GBX 216 per share, for a total transaction of £51,840. Insiders bought a total of 39,885 shares of company stock valued at $7,756,678 over the last quarter. Company insiders own 2.53% of the company’s stock.

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.