Oxford Instruments (LON:OXIG) Given New GBX 2,500 Price Target at Berenberg Bank

Oxford Instruments (LON:OXIG) had its price target dropped by Berenberg Bank from GBX 2,600 ($34.91) to GBX 2,500 ($33.57) in a research note issued on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 23.59% from the company’s current price.

Oxford Instruments Price Performance

Shares of Oxford Instruments stock traded up GBX 17.85 ($0.24) during trading on Monday, reaching GBX 2,022.85 ($27.16). 560,420 shares of the stock traded hands, compared to its average volume of 217,539. The company has a market capitalization of £1.17 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of -3.56 and a beta of 0.96. The business has a fifty day simple moving average of GBX 1,852.74 and a two-hundred day simple moving average of GBX 1,878.45. The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11. Oxford Instruments has a 52-week low of GBX 1,470 ($19.74) and a 52-week high of GBX 2,600 ($34.91).

Oxford Instruments (LON:OXIG) last released its quarterly earnings results on Friday, June 13th. The company reported GBX 112.40 ($1.51) EPS for the quarter. Oxford Instruments had a return on equity of 14.14% and a net margin of 10.78%. Sell-side analysts expect that Oxford Instruments will post 117.7149452 EPS for the current year.

Insider Activity

In other news, insider Richard Tyson purchased 4,002 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was purchased at an average price of GBX 1,874 ($25.16) per share, for a total transaction of £74,997.48 ($100,694.79). Insiders purchased a total of 7,927 shares of company stock worth $15,043,429 in the last ninety days. 4.98% of the stock is owned by insiders.

Oxford Instruments Company Profile

Oxford Instruments provides academic and commercial organisations worldwide with market-leading scientific technology and expertise across its key market segments: materials analysis, semiconductor, and healthcare & life science.
Innovation is the driving force behind Oxford Instruments’ growth and success, supporting its core purpose to accelerate the breakthroughs that create a brighter future for our world.