Oxford Nanopore Technologies (LON:ONT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

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

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

Oxford Nanopore Technologies Stock Performance

Shares of Oxford Nanopore Technologies stock opened at GBX 184.13 on Thursday. The firm has a market cap of £1.80 billion, a PE ratio of -12.19 and a beta of 0.91. The company has a quick ratio of 6.01, a current ratio of 3.52 and a debt-to-equity ratio of 9.86. Oxford Nanopore Technologies has a 52 week low of GBX 95.61 and a 52 week high of GBX 204.66. The business’s fifty day simple moving average is GBX 123.60 and its 200-day simple moving average is GBX 123.12.

Oxford Nanopore Technologies (LON:ONT) last issued 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 return on equity of 35.45% and a negative net margin of 54.66%.

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.