JPMorgan Chase & Co. Issues Positive Forecast for Oxford Nanopore Technologies (LON:ONT) Stock Price

Oxford Nanopore Technologies (LON:ONT) had its price target increased by research analysts at JPMorgan Chase & Co. from GBX 190 to GBX 220 in a report released on Thursday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 19.48% from the stock’s previous close.

A number of other research analysts also recently issued reports on ONT. Peel Hunt reiterated a “hold” rating and issued a GBX 153 price target on shares of Oxford Nanopore Technologies in a research note on Monday, July 13th. Citigroup downgraded shares of Oxford Nanopore Technologies to a “buy” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 195 price objective on shares of Oxford Nanopore Technologies in a report on Thursday, August 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 225 price objective on shares of Oxford Nanopore Technologies in a research report on Tuesday, May 26th. Finally, 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 report on Wednesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 198.60.

Oxford Nanopore Technologies Price Performance

Shares of LON ONT opened at GBX 184.13 on Thursday. The stock’s 50-day moving average is GBX 123.60 and its two-hundred day moving average is GBX 123.12. The company has a debt-to-equity ratio of 9.86, a current ratio of 3.52 and a quick ratio of 6.01. Oxford Nanopore Technologies has a 1-year low of GBX 95.61 and a 1-year high of GBX 204.66. The company has a market cap of £1.80 billion, a price-to-earnings ratio of -12.19 and a beta of 0.91.

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

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.