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

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

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

Oxford Nanopore Technologies Stock Up 1.3 %

Shares of LON ONT traded up GBX 1.40 ($0.02) on Wednesday, hitting 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 12-month low of GBX 85 ($1.11) and a 12-month high of GBX 169.20 ($2.20). The business has a 50 day moving average of GBX 125.49 and a two-hundred day moving average of GBX 136.74. The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07. The firm has a market capitalization of £1.06 billion, a P/E ratio of -6.01 and a beta of 0.80.

Oxford Nanopore Technologies (LON:ONT) last issued its 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 Buying and Selling

In other news, insider John O’Higgins acquired 77,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of GBX 97 ($1.26) per share, for a total transaction of £74,690 ($97,164.04). Over the last 90 days, insiders have acquired 77,223 shares of company stock worth $7,499,090. 32.62% of the stock is currently owned by corporate insiders.

Oxford Nanopore Technologies Company Profile

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