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

Oxford Nanopore Technologies plc (LON:ONT) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 198.60.

A number of equities research analysts have recently issued reports on ONT shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 195 price objective on shares of Oxford Nanopore Technologies in a research report on Thursday, August 20th. Berenberg Bank decreased 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. JPMorgan Chase & Co. raised their target price on Oxford Nanopore Technologies from GBX 190 to GBX 220 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Peel Hunt reiterated a “hold” rating and set a GBX 153 target price on shares of Oxford Nanopore Technologies in a research report on Monday, July 13th. Finally, Citigroup lowered Oxford Nanopore Technologies to a “buy” rating in a report on Monday, July 20th.

Insider Activity

In related news, insider Nick Keher acquired 15,325 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were purchased at an average price of GBX 162 per share, with a total value of £24,826.50. Also, insider Adrian Nevil Hennah acquired 24,000 shares of the stock in a transaction dated Monday, October 12th. The shares were bought at an average cost of GBX 216 per share, for a total transaction of £51,840. Insiders bought 39,885 shares of company stock worth $7,756,678 in the last ninety days. Corporate insiders own 2.53% of the company’s stock.

Oxford Nanopore Technologies Stock Performance

ONT opened at GBX 209.80 on Friday. The company has a current ratio of 3.52, a quick ratio of 6.01 and a debt-to-equity ratio of 9.86. The company has a market cap of £2.05 billion, a price-to-earnings ratio of -16.78 and a beta of 0.87. The company’s 50 day moving average is GBX 181.10 and its 200 day moving average is GBX 141.34. Oxford Nanopore Technologies has a 12-month low of GBX 95.61 and a 12-month high of GBX 238.80.

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

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.