Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for Oxford Nanopore Technologies (LON:ONT)

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Oxford Nanopore Technologies (LON:ONT) in a research note released on Wednesday, MarketBeat reports. The brokerage currently has a GBX 190 ($2.50) price target on the stock.

A number of other brokerages have also recently weighed in on ONT. JPMorgan Chase & Co. reissued an overweight rating on shares of Oxford Nanopore Technologies in a research report on Thursday, May 23rd. Royal Bank of Canada reiterated an outperform rating and set a GBX 260 ($3.42) target price on shares of Oxford Nanopore Technologies in a report on Friday, June 28th. Finally, Berenberg Bank restated a buy rating and issued a GBX 282 ($3.71) price target on shares of Oxford Nanopore Technologies in a report on Tuesday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Oxford Nanopore Technologies currently has an average rating of Buy and an average price target of GBX 259.40 ($3.41).

Oxford Nanopore Technologies Stock Up 0.5 %

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

Insider Buying and Selling

In other news, insider Gurdial (Gordon) Sanghera sold 1,203,967 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of GBX 92 ($1.21), for a total value of £1,107,649.64 ($1,456,475.53). In the last ninety days, insiders purchased 414 shares of company stock valued at $44,814. Company insiders own 34.49% of the company’s stock.

About Oxford Nanopore Technologies

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.