Oxford Nanopore Technologies plc (LON:ONT) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Oxford Nanopore Technologies plc (LON:ONT) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 198.60.

ONT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 195 target price on shares of Oxford Nanopore Technologies in a research note on Thursday, August 20th. 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. JPMorgan Chase & Co. upped 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. Citigroup cut shares of Oxford Nanopore Technologies to a “buy” rating in a report on Monday, July 20th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 153 price target on shares of Oxford Nanopore Technologies in a research note on Monday, July 13th.

Oxford Nanopore Technologies Trading Down 2.7%

Shares of LON ONT opened at GBX 203.60 on Friday. Oxford Nanopore Technologies has a fifty-two week low of GBX 95.61 and a fifty-two week high of GBX 238.80. The company has a debt-to-equity ratio of 9.86, a quick ratio of 6.01 and a current ratio of 3.52. The company has a market cap of £1.99 billion, a price-to-earnings ratio of -16.29 and a beta of 0.87. The business’s 50 day moving average price is GBX 177.77 and its 200-day moving average price is GBX 140.05.

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

Insider Activity

In related news, insider Adrian Nevil Hennah bought 24,000 shares of Oxford Nanopore Technologies stock in a transaction dated Monday, October 12th. The shares were acquired at an average cost of GBX 216 per share, with a total value of £51,840. Also, insider Nick Keher bought 15,325 shares of Oxford Nanopore Technologies stock in a transaction dated Friday, September 4th. The shares were bought at an average cost of GBX 162 per share, for a total transaction of £24,826.50. Over the last three months, insiders acquired 39,885 shares of company stock valued at $7,756,678. 2.53% of the stock is owned by corporate insiders.

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.