Oxford Nanopore Technologies (LON:ONT) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Oxford Nanopore Technologies (LON:ONT) had its price target raised by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 210 to GBX 225 in a note issued to investors on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 33.16% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. Royal Bank Of Canada raised their price target on shares of Oxford Nanopore Technologies from GBX 280 to GBX 300 and gave the stock an “outperform” rating in a research note on Wednesday. Peel Hunt reissued a “hold” rating and issued a GBX 153 target price on shares of Oxford Nanopore Technologies in a report on Friday, December 5th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 250 target price on shares of Oxford Nanopore Technologies in a research report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Oxford Nanopore Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 233.60.

Oxford Nanopore Technologies Price Performance

LON:ONT opened at GBX 168.98 on Thursday. The company has a debt-to-equity ratio of 8.07, a quick ratio of 6.01 and a current ratio of 4.45. The company has a 50-day moving average of GBX 135.82 and a 200-day moving average of GBX 156.26. Oxford Nanopore Technologies has a 52 week low of GBX 88.60 and a 52 week high of GBX 224.80. The company has a market capitalization of £1.63 billion, a price-to-earnings ratio of -11.42 and a beta of 0.80.

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.