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

Oxford Nanopore Technologies (LON:ONTGet Free Report) had its price objective hoisted by investment analysts at Royal Bank Of Canada from GBX 280 to GBX 300 in a research report issued to clients and investors on Wednesday,Digital Look reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 94.62% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Peel Hunt restated a “hold” rating and issued a GBX 153 price objective on shares of Oxford Nanopore Technologies in a research note on Friday, December 5th. Berenberg Bank reiterated a “buy” rating and issued a GBX 250 price objective on shares of Oxford Nanopore Technologies in a research report on Monday, January 12th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 230.60.

Check Out Our Latest Stock Report on ONT

Oxford Nanopore Technologies Trading Up 2.4%

Shares of LON:ONT traded up GBX 3.65 during midday trading on Wednesday, reaching GBX 154.15. The company had a trading volume of 17,735,906 shares, compared to its average volume of 3,640,994. Oxford Nanopore Technologies has a 1-year low of GBX 88.60 and a 1-year 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 firm has a market cap of £1.49 billion, a price-to-earnings ratio of -10.42 and a beta of 0.80. The company has a fifty day simple moving average of GBX 133.93 and a two-hundred day simple moving average of GBX 155.97.

About Oxford Nanopore Technologies

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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.

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