Oxford Instruments (LON:OXIG) Hits New 12-Month High – Here’s Why

Oxford Instruments plc (LON:OXIGGet Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 3,318 and last traded at GBX 3,302, with a volume of 305423 shares traded. The stock had previously closed at GBX 3,232.

Analyst Ratings Changes

Several research firms recently commented on OXIG. Deutsche Bank Aktiengesellschaft raised their target price on Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Jefferies Financial Group restated a “hold” rating and set a GBX 2,590 target price on shares of Oxford Instruments in a research report on Wednesday, April 15th. Finally, Berenberg Bank raised their target price on Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the stock a “hold” rating in a research report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 2,681.67.

View Our Latest Research Report on OXIG

Oxford Instruments Price Performance

The company has a 50 day moving average price of GBX 2,791.65 and a 200 day moving average price of GBX 2,471.27. The company has a market capitalization of £1.82 billion, a price-to-earnings ratio of 139.32, a PEG ratio of -3.56 and a beta of 1.05. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 16.08.

Oxford Instruments Company Profile

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