Oxford Nanopore Technologies (LON:ONT) Cut to Buy at Citigroup

Oxford Nanopore Technologies (LON:ONT) was downgraded by equities research analysts at Citigroup to a “buy” rating in a research note issued to investors on Friday,London Stock Exchange reports.

Separately, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 225 price target on shares of Oxford Nanopore Technologies in a report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Oxford Nanopore Technologies has a consensus rating of “Moderate Buy” and a consensus price target of GBX 218.60.

Oxford Nanopore Technologies Stock Up 1.0%

Shares of Oxford Nanopore Technologies stock opened at GBX 120.10 on Friday. The company has a debt-to-equity ratio of 8.96, a quick ratio of 6.01 and a current ratio of 3.56. The stock has a market capitalization of £1.17 billion, a PE ratio of -7.95 and a beta of 0.92. Oxford Nanopore Technologies has a 52-week low of GBX 104 and a 52-week high of GBX 224.80. The company has a 50-day simple moving average of GBX 123.09 and a two-hundred day simple moving average of GBX 128.17.

Insider Activity

In other news, insider Nick Keher sold 22,993 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of GBX 108, for a total transaction of £24,832.44. Insiders acquired 22,799 shares of company stock worth $2,578,133 over the last 90 days. Corporate insiders own 2.54% of the company’s stock.

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.