Oxford Nanopore Technologies (LON:ONT) Given Buy Rating at Berenberg Bank

Oxford Nanopore Technologies (LON:ONT)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research note issued on Monday,London Stock Exchange reports. They presently have a GBX 250 target price on the stock. Berenberg Bank’s target price indicates a potential upside of 62.90% from the company’s current price.

Separately, Peel Hunt reaffirmed a “hold” rating and set a GBX 153 price objective on shares of Oxford Nanopore Technologies in a report on Friday, December 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 226.60.

Oxford Nanopore Technologies Price Performance

Oxford Nanopore Technologies stock traded up GBX 15.37 during midday trading on Monday, reaching GBX 153.47. 3,186,304 shares of the stock traded hands, compared to its average volume of 3,546,007. The stock has a market cap of £1.48 billion, a P/E ratio of -10.37 and a beta of 0.80. The stock’s fifty day moving average is GBX 131.77 and its 200-day moving average is GBX 155.38. 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 has a 12 month low of GBX 88.60 and a 12 month high of GBX 224.80.

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.