Oxford Nanopore Technologies (LON:ONT) Given New GBX 250 Price Target at Berenberg Bank

Oxford Nanopore Technologies (LON:ONT) had its price target cut by Berenberg Bank from GBX 282 ($3.67) to GBX 250 ($3.25) in a report published on Wednesday morning,London Stock Exchange reports. They currently have a buy rating on the stock.

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Oxford Nanopore Technologies in a research report on Friday, December 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 227.50 ($2.96).

Oxford Nanopore Technologies Price Performance

Shares of LON ONT traded up GBX 1.40 ($0.02) during trading on Wednesday, reaching GBX 111.70 ($1.45). The company had a trading volume of 263,500 shares, compared to its average volume of 11,296,228. Oxford Nanopore Technologies has a twelve month low of GBX 85 ($1.11) and a twelve month high of GBX 169.20 ($2.20). The stock has a market capitalization of £1.06 billion, a PE ratio of -6.01 and a beta of 0.80. The stock has a 50-day moving average price of GBX 125.49 and a two-hundred day moving average price of GBX 136.74. The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07.

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 for the quarter. Oxford Nanopore Technologies had a negative return on equity of 26.02% and a negative net margin of 94.82%.

Insider Activity

In other news, insider John O’Higgins purchased 77,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of GBX 97 ($1.26) per share, with a total value of £74,690 ($97,164.04). Insiders acquired a total of 77,223 shares of company stock valued at $7,499,090 over the last quarter. Company insiders own 32.62% of the company’s stock.

About Oxford Nanopore Technologies

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