Oxford Nanopore Technologies (LON:ONT) Price Target Lowered to GBX 282 at Berenberg Bank

Oxford Nanopore Technologies (LON:ONT) had its price target decreased by Berenberg Bank from GBX 350 ($4.43) to GBX 282 ($3.57) in a research report sent to investors on Wednesday morning, Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

Several other analysts have also issued reports on ONT. Citigroup reiterated a buy rating and set a GBX 210 ($2.66) price target on shares of Oxford Nanopore Technologies in a research report on Friday, April 12th. JPMorgan Chase & Co. restated an overweight rating on shares of Oxford Nanopore Technologies in a research report on Thursday, May 23rd. Finally, Royal Bank of Canada reiterated an outperform rating and issued a GBX 260 ($3.29) target price on shares of Oxford Nanopore Technologies in a research report on Friday, June 28th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Oxford Nanopore Technologies currently has a consensus rating of Buy and a consensus target price of GBX 276.75 ($3.50).

Oxford Nanopore Technologies Price Performance

Shares of LON ONT opened at GBX 104.52 ($1.32) on Wednesday. The business has a fifty day moving average price of GBX 103.18 and a two-hundred day moving average price of GBX 132.40. The stock has a market capitalization of £901.60 million, a PE ratio of -550.21 and a beta of 0.64. The company has a debt-to-equity ratio of 6.47, a current ratio of 5.01 and a quick ratio of 6.01. Oxford Nanopore Technologies has a fifty-two week low of GBX 85 ($1.08) and a fifty-two week high of GBX 279 ($3.53).

Insider Activity at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera sold 1,203,967 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of GBX 92 ($1.16), for a total value of £1,107,649.64 ($1,401,024.08). In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera sold 1,203,967 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of GBX 92 ($1.16), for a total transaction of £1,107,649.64 ($1,401,024.08). Also, insider Kate Priestman acquired 23,564 shares of Oxford Nanopore Technologies stock in a transaction dated Tuesday, April 30th. The stock was purchased at an average cost of GBX 106 ($1.34) per share, for a total transaction of £24,977.84 ($31,593.52). Insiders purchased 23,971 shares of company stock worth $2,542,560 over the last three months. Company insiders own 29.98% of the company’s stock.

Oxford Nanopore Technologies Company Profile

Oxford Nanopore Technologies plc engages in the research, development, manufacture, and commercialization of a nanopore based sequencing platform that allows the real-time analysis of deoxyribonucleic acid (DNA) or ribonucleic acid (RNA) in the Americas, Europe, the Middle East, Africa, India, and the Asia Pacific.