Oxford Nanopore Technologies (LON:ONT) Cut to Buy at Citigroup

Citigroup downgraded shares of Oxford Nanopore Technologies (LON:ONT) to a buy rating in a research note published on Monday morning,Digital Look reports.

A number of other research analysts have also recently commented on the stock. Peel Hunt restated a “hold” rating and set a GBX 153 price target on shares of Oxford Nanopore Technologies in a research note on Monday, July 13th. Berenberg Bank lowered their price objective on Oxford Nanopore Technologies from GBX 230 to GBX 220 and set a “buy” rating on the stock in a research note on Monday, July 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 225 target price on shares of Oxford Nanopore Technologies in a report on Tuesday, May 26th. Four equities research 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 company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 212.60.

Oxford Nanopore Technologies Price Performance

LON:ONT opened at GBX 111.70 on Monday. The company has a debt-to-equity ratio of 8.96, a quick ratio of 6.01 and a current ratio of 3.56. The company has a 50-day moving average of GBX 122.87 and a 200-day moving average of GBX 127.20. Oxford Nanopore Technologies has a 52 week low of GBX 95.61 and a 52 week high of GBX 224.80. The company has a market capitalization of £1.09 billion, a price-to-earnings ratio of -7.40 and a beta of 0.92.

Insider Activity at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider Nick Keher purchased 22,018 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of GBX 113 per share, for a total transaction of £24,880.34. Over the last 90 days, insiders purchased 22,774 shares of company stock valued at $2,578,100. 2.54% of the stock is owned by insiders.

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.