Oxford Nanopore Technologies plc (LON:ONT) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Oxford Nanopore Technologies plc (LON:ONT) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 198.60.

Several equities analysts have recently weighed in on ONT shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 195 price target on shares of Oxford Nanopore Technologies in a report on Thursday, August 20th. Berenberg Bank reduced their price objective on Oxford Nanopore Technologies from GBX 220 to GBX 200 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Peel Hunt reissued a “hold” rating and issued a GBX 153 target price on shares of Oxford Nanopore Technologies in a report on Monday, July 13th. Citigroup downgraded Oxford Nanopore Technologies to a “buy” rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Oxford Nanopore Technologies from GBX 190 to GBX 220 and gave the stock an “overweight” rating in a research note on Thursday, August 27th.

Insider Buying and Selling at Oxford Nanopore Technologies

In related news, insider Nick Keher acquired 15,325 shares of the stock in a transaction dated Friday, September 4th. The shares were purchased at an average cost of GBX 162 per share, with a total value of £24,826.50. Over the last 90 days, insiders bought 15,993 shares of company stock worth $2,572,680. 2.54% of the stock is owned by insiders.

Oxford Nanopore Technologies Stock Up 1.7%

ONT opened at GBX 176.53 on Monday. The stock has a market capitalization of £1.73 billion, a price-to-earnings ratio of -14.12 and a beta of 0.96. The firm has a 50 day moving average price of GBX 145.05 and a 200-day moving average price of GBX 128.79. Oxford Nanopore Technologies has a twelve month low of GBX 95.61 and a twelve month high of GBX 191.40. The company has a quick ratio of 6.01, a current ratio of 3.52 and a debt-to-equity ratio of 9.86.

Oxford Nanopore Technologies (LON:ONT) last issued its earnings results on Wednesday, August 19th. The company reported GBX (4.90) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative return on equity of 35.45% and a negative net margin of 54.66%.

Oxford Nanopore Technologies Company Profile

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.