Berenberg Bank Issues Pessimistic Forecast for Oxford Nanopore Technologies (LON:ONT) Stock Price

Oxford Nanopore Technologies (LON:ONT) had its price objective cut by Berenberg Bank from GBX 282 ($3.64) to GBX 250 ($3.23) in a report issued on Wednesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Oxford Nanopore Technologies in a research note on Friday, December 6th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 227.50 ($2.94).

Oxford Nanopore Technologies Trading Up 1.7 %

Oxford Nanopore Technologies stock opened at GBX 111.50 ($1.44) on Wednesday. The business has a 50-day simple moving average of GBX 124.63 and a two-hundred day simple moving average of GBX 136.64. The company has a market cap of £1.06 billion, a P/E ratio of -6.00 and a beta of 0.80. Oxford Nanopore Technologies has a 52-week low of GBX 85 ($1.10) and a 52-week high of GBX 169.20 ($2.18). The company has a quick ratio of 6.01, a current ratio of 4.45 and a debt-to-equity ratio of 8.07.

Oxford Nanopore Technologies (LON:ONT) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX (16) (($0.21)) earnings per share (EPS) for the quarter. Oxford Nanopore Technologies had a negative net margin of 94.82% and a negative return on equity of 26.02%.

Insider Activity at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider John O’Higgins purchased 77,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of GBX 97 ($1.25) per share, with a total value of £74,690 ($96,436.41). In the last ninety days, insiders purchased 77,223 shares of company stock worth $7,499,090. 32.62% of the stock is owned by company insiders.

Oxford Nanopore Technologies Company Profile

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