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

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

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

Oxford Nanopore Technologies Stock Down 1.9 %

Shares of LON:ONT opened at GBX 92.75 ($1.15) on Wednesday. The company has a market capitalization of £797.61 million, a price-to-earnings ratio of -618.33 and a beta of 0.59. The company has a current ratio of 5.01, a quick ratio of 6.01 and a debt-to-equity ratio of 6.47. The business has a 50-day moving average price of GBX 129.70 and a 200 day moving average price of GBX 167.79. Oxford Nanopore Technologies has a 12-month low of GBX 92 ($1.15) and a 12-month high of GBX 279 ($3.47).

Insider Buying and Selling at Oxford Nanopore Technologies

In related news, insider Gurdial (Gordon) Sanghera purchased 39,196 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average price of GBX 127 ($1.58) per share, with a total value of £49,778.92 ($61,968.03). Insiders have acquired 39,421 shares of company stock valued at $5,007,852 over the last quarter. Corporate insiders own 30.07% of the company’s stock.

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.