Berenberg Bank Reaffirms “Buy” Rating for Oxford Nanopore Technologies (LON:ONT)

Oxford Nanopore Technologies (LON:ONT)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 350 ($4.36) price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 270.37% from the stock’s current price.

Separately, Citigroup reaffirmed a “buy” rating and set a GBX 210 ($2.61) target price on shares of Oxford Nanopore Technologies in a report on Friday, April 12th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Oxford Nanopore Technologies presently has an average rating of “Buy” and an average target price of GBX 303.75 ($3.78).

Oxford Nanopore Technologies Price Performance

ONT stock opened at GBX 94.50 ($1.18) on Wednesday. The company has a debt-to-equity ratio of 6.47, a quick ratio of 6.01 and a current ratio of 5.01. Oxford Nanopore Technologies has a 52 week low of GBX 92.20 ($1.15) and a 52 week high of GBX 279 ($3.47). The firm’s fifty day moving average is GBX 130.92 and its 200 day moving average is GBX 168.53. The firm has a market cap of £812.66 million, a P/E ratio of -630.00 and a beta of 0.59.

Insiders Place Their Bets

In other news, insider Gurdial (Gordon) Sanghera purchased 39,196 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average price of GBX 127 ($1.58) per share, with a total value of £49,778.92 ($61,968.03). Insiders have bought a total of 39,421 shares of company stock valued at $5,007,852 in the last quarter. Insiders own 30.07% of the company’s stock.

About Oxford Nanopore Technologies

Oxford Nanopore Technologies plc engages in the research, development, manufacture, and commercialization of a nanopore based sequencing platform that allows the real-time analysis of deoxyribonucleic acid (DNA) or ribonucleic acid (RNA) in the Americas, Europe, the Middle East, Africa, India, and the Asia Pacific.