Oxford Nanopore Technologies (LON:ONT) Rating Lowered to “Buy” at Citigroup

Oxford Nanopore Technologies (LON:ONT) was downgraded by equities research analysts at Citigroup to a “buy” rating in a report released on Monday,Digital Look reports.

Several other equities research analysts have also weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 225 price objective on shares of Oxford Nanopore Technologies in a research note on Tuesday, May 26th. Peel Hunt restated a “hold” rating and issued a GBX 153 target price on shares of Oxford Nanopore Technologies in a research note on Monday, July 13th. Finally, Berenberg Bank lowered their target price on Oxford Nanopore Technologies from GBX 230 to GBX 220 and set a “buy” rating for the company in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Oxford Nanopore Technologies currently has an average rating of “Moderate Buy” and an average target price of GBX 212.60.

Oxford Nanopore Technologies Trading Up 0.6%

Oxford Nanopore Technologies stock opened at GBX 110.70 on Monday. Oxford Nanopore Technologies has a 1 year low of GBX 95.61 and a 1 year high of GBX 224.80. The firm’s 50-day moving average is GBX 123.03 and its 200-day moving average is GBX 127.31. 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 market cap of £1.08 billion, a P/E ratio of -7.33 and a beta of 0.92.

Insider Activity at Oxford Nanopore Technologies

In other news, insider Nick Keher purchased 22,018 shares of the stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of GBX 113 per share, for a total transaction of £24,880.34. Insiders have bought a total of 22,774 shares of company stock worth $2,578,100 in the last three months. 2.54% of the stock is currently owned by corporate insiders.

About Oxford Nanopore Technologies

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.