Oxford Instruments (LON:OXIG) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Oxford Instruments plc (LON:OXIG) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,555.98 and traded as high as GBX 2,998. Oxford Instruments shares last traded at GBX 2,922, with a volume of 124,360 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on OXIG shares. JPMorgan Chase & Co. increased their target price on Oxford Instruments from GBX 3,000 to GBX 3,200 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft upped their price target on Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 2,590 price objective on shares of Oxford Instruments in a research report on Wednesday, June 10th. Finally, Berenberg Bank boosted their target price on shares of 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 2,781.67.

Oxford Instruments Stock Up 1.7%

The company has a market capitalization of £1.69 billion, a price-to-earnings ratio of 129.54, a P/E/G ratio of -3.56 and a beta of 1.09. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 13.08. The firm has a 50 day moving average price of GBX 2,932.39 and a two-hundred day moving average price of GBX 2,563.37.

Oxford Instruments (LON:OXIG) last released 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 for the quarter. Oxford Instruments had a return on equity of 13.94% and a net margin of 11.39%. As a group, sell-side analysts expect that Oxford Instruments plc will post 117.7149452 earnings per share for the current year.

About Oxford Instruments