Oxford Nanopore Technologies (LON:ONT) Price Target Lowered to GBX 250 at Berenberg Bank

Oxford Nanopore Technologies (LON:ONT) had its price objective lowered by equities researchers at Berenberg Bank from GBX 282 ($3.66) to GBX 250 ($3.24) in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 128.10% from the company’s previous close.

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Oxford Nanopore Technologies in a research note on Friday, December 6th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 227.50 ($2.95).

Oxford Nanopore Technologies Price Performance

Oxford Nanopore Technologies stock opened at GBX 109.60 ($1.42) on Wednesday. The company has a market cap of £1.04 billion, a price-to-earnings ratio of -5.90 and a beta of 0.80. The firm’s fifty day moving average is GBX 125.02 and its 200 day moving average is GBX 136.68. The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07. Oxford Nanopore Technologies has a 52-week low of GBX 85 ($1.10) and a 52-week high of GBX 169.20 ($2.19).

Oxford Nanopore Technologies (LON:ONT) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.21)) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.

Insider Activity

In related news, insider John O’Higgins purchased 77,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of GBX 97 ($1.26) per share, for a total transaction of £74,690 ($96,849.07). Over the last quarter, insiders have bought 77,223 shares of company stock valued at $7,499,090. 32.62% of the stock is currently owned by company insiders.

About Oxford Nanopore Technologies

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