Oxford Instruments (LON:OXIG) Price Target Raised to GBX 3,400

Oxford Instruments (LON:OXIG) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from GBX 3,200 to GBX 3,400 in a research report issued on Thursday, London Stock Exchange reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 23.73% from the company’s current price.

A number of other brokerages also recently issued reports on OXIG. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,590 price target on shares of Oxford Instruments in a report on Wednesday, June 10th. Berenberg Bank increased their target price 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. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Oxford Instruments has an average rating of “Moderate Buy” and a consensus target price of GBX 2,815.

Oxford Instruments Stock Performance

Shares of OXIG stock opened at GBX 2,748 on Thursday. The stock has a 50 day simple moving average of GBX 2,853.53 and a 200-day simple moving average of GBX 2,814.77. Oxford Instruments has a 12-month low of GBX 1,682 and a 12-month high of GBX 3,318. The company has a market cap of £1.51 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of -3.56 and a beta of 1.09. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 13.08.

Oxford Instruments (LON:OXIG) last released its quarterly earnings data on Tuesday, June 9th. The company reported GBX 100.70 earnings per share (EPS) for the quarter. Oxford Instruments had a return on equity of 13.94% and a net margin of 11.39%.The firm had revenue of £423.20 million during the quarter. On average, equities analysts forecast that Oxford Instruments will post 117.7149452 EPS for the current year.

Insider Activity

In related news, insider Paul Fry bought 2,335 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were acquired at an average cost of GBX 3,044 per share, with a total value of £71,077.40. Also, insider Richard Tyson sold 11,124 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of GBX 2,786, for a total transaction of £309,914.64. Corporate insiders own 1.55% of the company’s stock.

Oxford Instruments Company Profile