Oxford Nanopore Technologies plc (LON:ONT – Get Free Report) rose 3.2% during trading on Monday . The stock traded as high as GBX 131.30 and last traded at GBX 128.90. Approximately 1,222,700 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 9,993,984 shares. The stock had previously closed at GBX 124.90.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on ONT shares. Citigroup cut Oxford Nanopore Technologies to a “buy” rating in a research report on Monday, July 20th. Berenberg Bank decreased their target price on shares of Oxford Nanopore Technologies from GBX 230 to GBX 220 and set a “buy” rating on the stock in a research note on Monday, July 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 225 price target on shares of Oxford Nanopore Technologies in a report on Tuesday, May 26th. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 153 price target on shares of Oxford Nanopore Technologies in a research report on Monday, July 13th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 205.75.
Read Our Latest Report on Oxford Nanopore Technologies
Oxford Nanopore Technologies Stock Performance
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.
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