Oxford Nanopore Technologies (LON:ONT) Price Target Raised to GBX 300

Oxford Nanopore Technologies (LON:ONT) had its price target hoisted by Royal Bank Of Canada from GBX 280 to GBX 300 in a report published on Wednesday morning, Marketbeat reports. The firm currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. Berenberg Bank restated a “buy” rating and issued a GBX 250 price target on shares of Oxford Nanopore Technologies in a report on Monday, January 12th. Peel Hunt reissued a “hold” rating and issued a GBX 153 target price on shares of Oxford Nanopore Technologies in a research report on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Oxford Nanopore Technologies currently has an average rating of “Moderate Buy” and an average target price of GBX 233.60.

Oxford Nanopore Technologies Trading Down 2.3%

Shares of LON:ONT opened at GBX 168.98 on Wednesday. The firm has a market cap of £1.63 billion, a price-to-earnings ratio of -11.42 and a beta of 0.80. Oxford Nanopore Technologies has a 12 month low of GBX 88.60 and a 12 month high of GBX 224.80. The company’s fifty day simple moving average is GBX 135.82 and its 200 day simple moving average is GBX 156.26. The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07.

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.