Oxford Nanopore Technologies (LON:ONT) Receives "Buy" Rating from Berenberg Bank – MarketBeat
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Oxford Nanopore Technologies (LON:ONT – Get Rating)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research note issued to investors on Friday, LSE.Co.UK reports. They currently have a GBX 671 ($8.11) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 131.38% from the company’s current price.
Other equities research analysts have also issued research reports about the company. Barclays lowered their target price on Oxford Nanopore Technologies from GBX 700 ($8.46) to GBX 500 ($6.04) and set an “overweight” rating for the company in a research note on Tuesday, May 31st. Royal Bank of Canada reissued an “outperform” rating and set a GBX 400 ($4.83) price objective on shares of Oxford Nanopore Technologies in a research note on Monday, August 8th.
Oxford Nanopore Technologies Stock Performance
LON:ONT traded down GBX 6.50 ($0.08) during trading hours on Friday, reaching GBX 290 ($3.50). The company’s stock had a trading volume of 295,191 shares, compared to its average volume of 1,380,611. The company has a debt-to-equity ratio of 3.52, a current ratio of 7.15 and a quick ratio of 5.23. The company has a market capitalization of £2.39 billion and a price-to-earnings ratio of -12.73. The firm’s 50-day moving average price is GBX 298.25. Oxford Nanopore Technologies has a 1 year low of GBX 239 ($2.89) and a 1 year high of GBX 736 ($8.89).
About Oxford Nanopore Technologies
(Get Rating)
Oxford Nanopore Technologies plc develops and commercializes a technology platform using nanopore-based sensing for the analysis of various types of molecules. The company offers MinION, a portable device for deoxyribonucleic acid and ribonucleic acid sequencing; GridION, a self-contained benchtop device for running and analyzing up to five MinION or Flongle flow cells; MinION Mk1C for basecalling and data analysis, touchscreen operation, and wireless connectivity; Flongle, an adapter for use in MinION or GridION devices to attach a Flongle flow cell; GridION Mk1, a benchtop nanopore sequencer; PromethION 2 Solo and PromethION 2, a low-cost access to high-yield PromethION sequencing; PromethION 24 and PromethION 48 benchtop nanopore-based sequencers for multiple users to deliver multi-sample and multi-experiment sequencing results; and VolTRAX, an USB-powered device, which automates laboratory processes upstream of nanopore sequencing.
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