Oxford Instruments (LON:OXIG) Hits New 1-Year High – Still a Buy?

Oxford Instruments plc (LON:OXIGGet Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 2,415 and last traded at GBX 2,404.45, with a volume of 2770549 shares. The stock had previously closed at GBX 2,325.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OXIG. Deutsche Bank Aktiengesellschaft lifted their price objective on Oxford Instruments from GBX 2,435 to GBX 2,675 and gave the company a “buy” rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. lifted their price target on shares of Oxford Instruments from GBX 2,500 to GBX 2,600 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Peel Hunt reissued a “buy” rating and issued a GBX 2,400 price objective on shares of Oxford Instruments in a research report on Monday, October 13th. Shore Capital restated a “buy” rating and issued a GBX 2,600 price objective on shares of Oxford Instruments in a report on Thursday, January 15th. Finally, Berenberg Bank boosted their target price on shares of Oxford Instruments from GBX 2,400 to GBX 2,700 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Oxford Instruments has a consensus rating of “Buy” and an average price target of GBX 2,595.

Get Our Latest Stock Analysis on OXIG

Oxford Instruments Price Performance

The stock’s 50-day moving average is GBX 2,103.99 and its 200 day moving average is GBX 1,960.27. The company has a debt-to-equity ratio of 12.96, a quick ratio of 1.11 and a current ratio of 1.64. The stock has a market capitalization of £1.41 billion, a PE ratio of 105.70, a P/E/G ratio of -3.56 and a beta of 0.96.

Oxford Instruments (LON:OXIGGet Free Report) last announced its quarterly earnings results on Tuesday, November 11th. The company reported GBX 33 earnings per share for the quarter. Oxford Instruments had a net margin of 10.78% and a return on equity of 14.14%. As a group, equities analysts expect that Oxford Instruments plc will post 117.7149452 earnings per share for the current year.

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