Berenberg Bank Reiterates Buy Rating for Oxford Nanopore Technologies (LON:ONT)

Berenberg Bank reaffirmed their buy rating on shares of Oxford Nanopore Technologies (LON:ONT) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. The brokerage currently has a GBX 282 ($3.71) target price on the stock.

Several other brokerages also recently commented on ONT. JPMorgan Chase & Co. reiterated an overweight rating on shares of Oxford Nanopore Technologies in a report on Thursday, May 23rd. Royal Bank of Canada reiterated an outperform rating and issued a GBX 260 ($3.42) price objective on shares of Oxford Nanopore Technologies in a research note on Friday, June 28th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of GBX 259.40 ($3.41).

Oxford Nanopore Technologies Trading Up 0.5 %

LON:ONT opened at GBX 142 ($1.87) on Tuesday. The company has a quick ratio of 6.01, a current ratio of 5.01 and a debt-to-equity ratio of 6.47. The company’s 50 day moving average is GBX 118.55 and its 200-day moving average is GBX 115.77. The firm has a market cap of £1.34 billion, a price-to-earnings ratio of -747.37 and a beta of 0.79. Oxford Nanopore Technologies has a 12 month low of GBX 85 ($1.12) and a 12 month high of GBX 229.40 ($3.02).

Insider Buying and Selling at Oxford Nanopore Technologies

In other news, insider Gurdial (Gordon) Sanghera sold 45,466 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of GBX 96 ($1.26), for a total transaction of £43,647.36 ($57,392.98). Insiders purchased a total of 414 shares of company stock valued at $44,814 in the last ninety days. Company insiders own 34.49% of the company’s stock.

Oxford Nanopore Technologies Company Profile

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.