Oxford Instruments plc (OXIG) Upgraded to “Add” at Numis Securities Ltd
Numis Securities Ltd upgraded shares of Oxford Instruments plc (LON:OXIG) to an add rating in a report released on Wednesday morning. They currently have GBX 750 ($9.37) target price on the stock, down from their previous target price of GBX 815 ($10.18).
A number of other brokerages also recently issued reports on OXIG. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 870 ($10.87) price target on shares of Oxford Instruments plc in a research report on Monday, August 22nd. Liberum Capital reaffirmed a hold rating and issued a GBX 690 ($8.62) target price on shares of Oxford Instruments plc in a report on Tuesday, September 13th. Jefferies Group reaffirmed an overweight rating and issued a GBX 870 ($10.87) target price on shares of Oxford Instruments plc in a report on Wednesday, September 14th. Beaufort Securities downgraded Oxford Instruments plc to a hold rating in a report on Thursday, July 21st. Finally, Barclays PLC reaffirmed an overweight rating and issued a GBX 970 ($12.12) target price on shares of Oxford Instruments plc in a report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 743.11 ($9.28).
Shares of Oxford Instruments plc (LON:OXIG) traded down 4.48% during trading on Wednesday, reaching GBX 618.00. The company’s stock had a trading volume of 56,532 shares. The firm’s 50-day moving average is GBX 674.42 and its 200 day moving average is GBX 695.03. Oxford Instruments plc has a 52-week low of GBX 553.55 and a 52-week high of GBX 804.36. The company’s market cap is GBX 354.14 billion.
The company also recently announced a dividend, which will be paid on Friday, April 7th. Stockholders of record on Thursday, March 9th will be paid a GBX 3.70 ($0.05) dividend. The ex-dividend date is Thursday, March 9th. This represents a dividend 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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