Berenberg Bank Cuts Oxford Nanopore Technologies (LON:ONT) Price Target to GBX 200

Oxford Nanopore Technologies (LON:ONT) had its target price reduced by Berenberg Bank from GBX 220 to GBX 200 in a report published on Wednesday morning,Digital Look reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently weighed in on ONT. Peel Hunt reaffirmed a “hold” rating and set a GBX 153 price target on shares of Oxford Nanopore Technologies in a research note on Monday, July 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 225 price objective on shares of Oxford Nanopore Technologies in a research note on Tuesday, May 26th. Finally, Citigroup cut shares of Oxford Nanopore Technologies to a “buy” rating in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 193.25.

Oxford Nanopore Technologies Trading Up 3.3%

Shares of ONT stock opened at GBX 170 on Wednesday. The business’s fifty day moving average price is GBX 120.04 and its 200 day moving average price is GBX 122.85. Oxford Nanopore Technologies has a 1-year low of GBX 95.61 and a 1-year high of GBX 211.40. The firm has a market capitalization of £1.66 billion, a PE ratio of -11.26 and a beta of 0.91. The company has a debt-to-equity ratio of 9.86, a current ratio of 3.52 and a quick ratio of 6.01.

Oxford Nanopore Technologies (LON:ONT) last released 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.