Oxford Instruments plc (OXIG) Price Target Increased to GBX 890 by Analysts at JPMorgan Chase & Co.
Oxford Instruments plc (LON:OXIG) had its price target increased by JPMorgan Chase & Co. from GBX 870 ($10.87) to GBX 890 ($11.12) in a report released on Wednesday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 39.39% from the company’s current price.
A number of other equities analysts also recently commented on the company. Numis Securities Ltd downgraded Oxford Instruments plc to a “hold” rating and reduced their price objective for the stock from GBX 880 ($10.99) to GBX 815 ($10.18) in a research report on Wednesday, September 14th. Beaufort Securities downgraded Oxford Instruments plc to a “hold” rating in a research report on Thursday, July 21st. Jefferies Group reiterated an “overweight” rating and set a GBX 870 ($10.87) price objective on shares of Oxford Instruments plc in a research report on Wednesday, September 14th. Finally, Liberum Capital reiterated a “hold” rating and set a GBX 690 ($8.62) price objective on shares of Oxford Instruments plc in a research report on Tuesday, September 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Oxford Instruments plc presently has an average rating of “Hold” and an average target price of GBX 750.33 ($9.37).
Shares of Oxford Instruments plc (LON:OXIG) opened at 664.00 on Wednesday. The stock’s market capitalization is GBX 379.24 million. The firm has a 50 day moving average price of GBX 675.18 and a 200 day moving average price of GBX 695.10. Oxford Instruments plc has a one year low of GBX 553.55 and a one year high of GBX 804.36.
The firm also recently announced a dividend, which will be paid on Friday, April 7th. Shareholders of record on Thursday, March 9th will be paid a dividend of GBX 3.70 ($0.05) per share. The ex-dividend date is Thursday, March 9th. This represents a yield of 0.58%.
About Oxford Instruments plc
Oxford Instruments plc is a United Kingdom-based provider of high technology tools and systems for research and industry. The Company designs and manufactures equipment that can fabricate, characterize, manipulate and analyze matter at the atomic and molecular level. The Company operates through nine segments, which are combined into three aggregated operating segments.
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