Oxford Nanopore Technologies’ (ONT) Buy Rating Reiterated at Berenberg Bank

Oxford Nanopore Technologies (LON:ONT)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research note issued to investors on Thursday,Digital Look reports. They presently have a GBX 250 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 46.52% from the stock’s previous close.

A number of other analysts have also issued reports on ONT. Royal Bank Of Canada increased their price target on shares of Oxford Nanopore Technologies from GBX 280 to GBX 300 and gave the stock an “outperform” rating in a research report on Wednesday. Peel Hunt reissued a “hold” rating and set a GBX 153 price target on shares of Oxford Nanopore Technologies in a research report on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Oxford Nanopore Technologies from GBX 210 to GBX 225 and gave the company a “buy” rating in a research note on Thursday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 233.60.

Oxford Nanopore Technologies Stock Down 1.3%

Oxford Nanopore Technologies stock opened at GBX 170.62 on Thursday. The company has a 50-day simple moving average of GBX 135.06 and a 200-day simple moving average of GBX 156.08. Oxford Nanopore Technologies has a one year low of GBX 88.60 and a one year high of GBX 224.80. The firm has a market capitalization of £1.65 billion, a P/E ratio of -11.53 and a beta of 0.80. The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45.

Oxford Nanopore Technologies Company Profile

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.