Oxford Nanopore Technologies (LON:ONT) Rating Reiterated by Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Oxford Nanopore Technologies (LON:ONT) in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. They currently have a GBX 350 ($4.36) target price on the stock.

Separately, Citigroup restated a buy rating and issued a GBX 210 ($2.61) price target on shares of Oxford Nanopore Technologies in a research report on Friday, April 12th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Oxford Nanopore Technologies has an average rating of Buy and an average price target of GBX 303.75 ($3.78).

Oxford Nanopore Technologies Stock Performance

LON ONT opened at GBX 92.75 ($1.15) on Wednesday. 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 1-year low of GBX 92 ($1.15) and a 1-year high of GBX 279 ($3.47). The business has a 50 day simple moving average of GBX 129.70 and a two-hundred day simple moving average of GBX 167.79. The stock has a market capitalization of £797.61 million, a PE ratio of -618.33 and a beta of 0.59.

Insider Activity

In other Oxford Nanopore Technologies news, insider Gurdial (Gordon) Sanghera acquired 39,196 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average price of GBX 127 ($1.58) per share, for a total transaction of £49,778.92 ($61,968.03). In the last 90 days, insiders have purchased 39,421 shares of company stock valued at $5,007,852. 30.07% of the stock is currently owned by insiders.

About Oxford Nanopore Technologies

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.