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

Oxford Nanopore Technologies (LON:ONTGet Free Report) was downgraded by research analysts at Citigroup to a “buy” rating in a research report issued to clients and investors on Monday,Digital Look reports.

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

Check Out Our Latest Report on Oxford Nanopore Technologies

Oxford Nanopore Technologies Trading Up 0.8%

Shares of LON ONT opened at GBX 113.20 on Monday. Oxford Nanopore Technologies has a twelve month low of GBX 95.61 and a twelve month high of GBX 224.80. The firm has a market cap of £1.10 billion, a PE ratio of -7.50 and a beta of 0.92. The business has a fifty day simple moving average of GBX 123.23 and a two-hundred day simple moving average of GBX 127.57. The company has a quick ratio of 6.01, a current ratio of 3.56 and a debt-to-equity ratio of 8.96.

Insider Activity at Oxford Nanopore Technologies

In other Oxford Nanopore Technologies news, insider Nick Keher acquired 22,018 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of GBX 113 per share, for a total transaction of £24,880.34. In the last ninety days, insiders acquired 22,774 shares of company stock worth $2,578,100. Corporate insiders own 2.54% of the company’s stock.

About Oxford Nanopore Technologies

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Oxford Nanopore Technologies (LON:ONT)

Receive News & Ratings for Oxford Nanopore Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Nanopore Technologies and related companies with MarketBeat.com's FREE daily email newsletter.