Oxford Nanopore Technologies plc (LON:ONT) Stock Has Average Target Price of GBX 198.60 According to Brokerages

Oxford Nanopore Technologies plc (LON:ONT) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 198.60.

ONT has been the topic of a number of research reports. Peel Hunt reissued a “hold” rating and issued a GBX 153 price objective on shares of Oxford Nanopore Technologies in a research report on Monday, July 13th. Berenberg Bank decreased their target price on shares of Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a “buy” rating for the company in a research report on Wednesday, August 19th. JPMorgan Chase & Co. lifted their price target on shares of Oxford Nanopore Technologies from GBX 190 to GBX 220 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Citigroup lowered shares of Oxford Nanopore Technologies to a “buy” rating in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 195 price target on shares of Oxford Nanopore Technologies in a research report on Thursday, August 20th.

Oxford Nanopore Technologies Trading Up 0.4%

LON ONT opened at GBX 211.20 on Tuesday. Oxford Nanopore Technologies has a 52 week low of GBX 95.61 and a 52 week high of GBX 239.60. The company has a debt-to-equity ratio of 9.86, a quick ratio of 6.01 and a current ratio of 3.52. The stock’s 50 day moving average price is GBX 195.45 and its two-hundred day moving average price is GBX 143.87. The stock has a market capitalization of £2.07 billion, a price-to-earnings ratio of -16.90 and a beta of 0.87.

Oxford Nanopore Technologies (LON:ONT) last issued its quarterly earnings results on Wednesday, August 19th. The company reported GBX (4.90) earnings per share for the quarter. Oxford Nanopore Technologies had a negative return on equity of 27.36% and a negative net margin of 51.66%.

Insider Activity

In related news, insider Nick Keher bought 15,325 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were acquired at an average price of GBX 162 per share, with a total value of £24,826.50. Also, insider Adrian Nevil Hennah bought 24,000 shares of the stock in a transaction that occurred on Monday, October 12th. The stock was bought at an average cost of GBX 216 per share, for a total transaction of £51,840. Insiders bought a total of 39,885 shares of company stock valued at $7,756,678 in the last 90 days. 2.53% of the stock is owned by corporate insiders.

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.