Oxford Nanopore Technologies plc (LON:ONT) Receives GBX 198.60 Average PT from Brokerages

Shares of Oxford Nanopore Technologies plc (LON:ONT) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 198.60.

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

Oxford Nanopore Technologies Stock Performance

Shares of ONT opened at GBX 177.72 on Monday. The stock has a market capitalization of £1.74 billion, a P/E ratio of -14.22 and a beta of 0.96. The company has a debt-to-equity ratio of 9.86, a quick ratio of 6.01 and a current ratio of 3.52. Oxford Nanopore Technologies has a 1 year low of GBX 95.61 and a 1 year high of GBX 191.40. The company’s fifty day moving average is GBX 142.57 and its two-hundred day moving average is GBX 128.10.

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

Insider Transactions at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider Nick Keher acquired 15,325 shares of the business’s stock in a transaction on Friday, September 4th. The stock was purchased at an average price of GBX 162 per share, for a total transaction of £24,826.50. Insiders acquired a total of 15,993 shares of company stock valued at $2,572,680 in the last three months. Corporate insiders own 2.54% 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.