Oxford Instruments (LON:OXIG) Hits New 52-Week High – Here’s What Happened

Oxford Instruments plc (LON:OXIG) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 3,330.61 and last traded at GBX 3,086, with a volume of 807122 shares trading hands. The stock had previously closed at GBX 3,062.

Analyst Ratings Changes

A number of analysts recently weighed in on OXIG shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 2,590 price objective on shares of Oxford Instruments in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Finally, Berenberg Bank upped their price objective on shares of Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the stock a “hold” rating in a research note on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,681.67.

Oxford Instruments Trading Down 6.1%

The stock’s 50 day moving average is GBX 2,863.56 and its two-hundred day moving average is GBX 2,510.84. The company has a market capitalization of £1.60 billion, a PE ratio of 122.28, a price-to-earnings-growth ratio of -3.56 and a beta of 1.05. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 16.08.

Oxford Instruments Company Profile