Oxford Nanopore Technologies (LON:ONT) Given New GBX 300 Price Target at Royal Bank Of Canada

Oxford Nanopore Technologies (LON:ONT) had its price objective hoisted by Royal Bank Of Canada from GBX 280 to GBX 300 in a research report released on Wednesday, MarketBeat Ratings reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other brokerages have also recently commented on ONT. Berenberg Bank restated a “buy” rating and set a GBX 250 target price on shares of Oxford Nanopore Technologies in a report on Monday, January 12th. Peel Hunt reissued a “hold” rating and set a GBX 153 price target on shares of Oxford Nanopore Technologies in a research report on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating and one has issued 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 230.60.

Oxford Nanopore Technologies Trading Up 2.4%

LON ONT opened at GBX 154.15 on Wednesday. Oxford Nanopore Technologies has a 52 week low of GBX 88.60 and a 52 week high of GBX 224.80. The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45. The stock’s 50 day moving average price is GBX 134.29 and its two-hundred day moving average price is GBX 155.96. The stock has a market capitalization of £1.49 billion, a price-to-earnings ratio of -10.42 and a beta of 0.80.

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.