Oxford Instruments plc (LON:OXIG) Receives GBX 2,781.67 Consensus Target Price from Brokerages

Shares of Oxford Instruments plc (LON:OXIG) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,781.67.

OXIG has been the topic of several research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,590 price objective on shares of Oxford Instruments in a report on Wednesday, June 10th. Berenberg Bank boosted their price objective on shares of Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the company a “hold” rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft increased their price objective on Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the company a “buy” rating in a report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. lifted their target price on Oxford Instruments from GBX 3,000 to GBX 3,200 and gave the stock an “overweight” rating in a report on Wednesday, June 10th.

Oxford Instruments Price Performance

Shares of LON:OXIG opened at GBX 3,092 on Monday. The business has a fifty day simple moving average of GBX 2,988.61 and a 200-day simple moving average of GBX 2,633.15. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 13.08. Oxford Instruments has a 52 week low of GBX 1,682 and a 52 week high of GBX 3,318. The company has a market cap of £1.71 billion, a P/E ratio of 130.46, a P/E/G ratio of -3.56 and a beta of 1.09.

Oxford Instruments (LON:OXIG) last announced its quarterly earnings results on Tuesday, June 9th. The company reported GBX 100.70 EPS for the quarter. The business had revenue of £423.20 million during the quarter. Oxford Instruments had a return on equity of 13.94% and a net margin of 11.39%. Equities research analysts forecast that Oxford Instruments will post 117.7149452 EPS for the current year.

Oxford Instruments Company Profile