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

Oxford Nanopore Technologies (LON:ONT) had its price objective lowered by investment analysts at Berenberg Bank from GBX 282 ($3.67) to GBX 250 ($3.25) in a research note issued to investors on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 123.81% from the stock’s previous close.

Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Oxford Nanopore Technologies in a report on Friday, December 6th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 227.50 ($2.96).

Oxford Nanopore Technologies Stock Up 1.3 %

Shares of LON:ONT traded up GBX 1.40 ($0.02) during mid-day trading on Wednesday, hitting GBX 111.70 ($1.45). 263,500 shares of the company traded hands, compared to its average volume of 11,296,228. The company has a current ratio of 4.45, a quick ratio of 6.01 and a debt-to-equity ratio of 8.07. The stock has a 50-day moving average price of GBX 125.49 and a two-hundred day moving average price of GBX 136.74. Oxford Nanopore Technologies has a 12-month low of GBX 85 ($1.11) and a 12-month high of GBX 169.20 ($2.20). The stock has a market cap of £1.06 billion, a P/E ratio of -6.01 and a beta of 0.80.

Oxford Nanopore Technologies (LON:ONT) last announced its quarterly earnings data 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 Buying and Selling

In other news, insider John O’Higgins bought 77,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of GBX 97 ($1.26) per share, with a total value of £74,690 ($97,164.04). In the last 90 days, insiders have bought 77,223 shares of company stock valued at $7,499,090. Company insiders own 32.62% of the company’s stock.

Oxford Nanopore Technologies Company Profile

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