Berenberg Bank Reaffirms “Buy” Rating for Oxford Nanopore Technologies (LON:ONT)

Oxford Nanopore Technologies (LON:ONT)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a report released on Thursday, MarketBeat reports. They presently have a GBX 250 target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 47.95% from the company’s previous close.

ONT has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Oxford Nanopore Technologies from GBX 210 to GBX 225 and gave the stock a “buy” rating in a research report on Thursday. Peel Hunt reissued a “hold” rating and set a GBX 153 price target on shares of Oxford Nanopore Technologies in a research note on Friday, December 5th. Finally, Royal Bank Of Canada boosted their price target on Oxford Nanopore Technologies from GBX 280 to GBX 300 and gave the stock an “outperform” rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Oxford Nanopore Technologies has a consensus rating of “Moderate Buy” and an average price target of GBX 233.60.

Oxford Nanopore Technologies Stock Performance

Shares of Oxford Nanopore Technologies stock opened at GBX 168.98 on Thursday. Oxford Nanopore Technologies has a fifty-two week low of GBX 88.60 and a fifty-two week high of GBX 224.80. The company has a debt-to-equity ratio of 8.07, a current ratio of 4.45 and a quick ratio of 6.01. The firm has a market capitalization of £1.63 billion, a P/E ratio of -11.42 and a beta of 0.80. The company’s 50 day moving average price is GBX 135.82 and its two-hundred day moving average price is GBX 156.26.

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.