Oxford Nanopore Technologies plc (LON:ONT) Stock Has Consensus Target Price of GBX 198.60 According to Analysts

Oxford Nanopore Technologies plc (LON:ONT) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 198.60.

A number of research firms recently commented on ONT. Berenberg Bank lowered their price target on Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Citigroup downgraded shares of Oxford Nanopore Technologies to a “buy” rating in a report on Monday, July 20th. Peel Hunt reiterated a “hold” rating and issued a GBX 153 target price on shares of Oxford Nanopore Technologies in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 195 price target on shares of Oxford Nanopore Technologies in a research report on Thursday, August 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Oxford Nanopore Technologies from GBX 190 to GBX 220 and gave the stock an “overweight” rating in a report on Thursday, August 27th.

Oxford Nanopore Technologies Stock Performance

Shares of ONT opened at GBX 184.50 on Monday. The firm has a market capitalization of £1.80 billion, a P/E ratio of -14.76 and a beta of 0.96. Oxford Nanopore Technologies has a 52 week low of GBX 95.61 and a 52 week high of GBX 191.40. The stock has a 50 day moving average price of GBX 145.05 and a two-hundred day moving average price of GBX 128.87. The company has a debt-to-equity ratio of 9.86, a quick ratio of 6.01 and a current ratio of 3.52.

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

Insider Activity at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider Nick Keher bought 15,325 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were purchased at an average price of GBX 162 per share, for a total transaction of £24,826.50. Over the last quarter, insiders have purchased 15,993 shares of company stock worth $2,572,680. 2.54% of the stock is owned by company insiders.

About Oxford Nanopore Technologies

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.