Oxford Instruments plc (OXIG) Upgraded at Numis Securities Ltd
Oxford Instruments plc (LON:OXIG) was upgraded by stock analysts at Numis Securities Ltd to a “buy” rating in a report released on Wednesday, June 14th. The firm currently has a GBX 1,375 ($17.52) price target on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 33.50% from the company’s previous close.
Several other equities research analysts also recently weighed in on the company. J P Morgan Chase & Co increased their price target on Oxford Instruments plc from GBX 930 ($11.85) to GBX 1,075 ($13.70) and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. Barclays PLC reaffirmed an “overweight” rating on shares of Oxford Instruments plc in a research note on Tuesday, March 21st. Stifel Nicolaus reaffirmed a “buy” rating on shares of Oxford Instruments plc in a research note on Tuesday, April 4th. N+1 Singer restated a “hold” rating and set a GBX 810 ($10.32) price target on shares of Oxford Instruments plc in a report on Wednesday, April 26th. Finally, Liberum Capital reiterated a “hold” rating on shares of Oxford Instruments plc in a report on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Oxford Instruments plc has a consensus rating of “Hold” and a consensus target price of GBX 985.63 ($12.56).
Shares of Oxford Instruments plc (LON:OXIG) traded down 0.97% on Wednesday, hitting GBX 1020.00. The stock had a trading volume of 38,276 shares. Oxford Instruments plc has a 12 month low of GBX 610.00 and a 12 month high of GBX 1,139.00. The stock has a 50 day moving average of GBX 1,053.49 and a 200-day moving average of GBX 848.56. The stock’s market cap is GBX 582.41 million.
The business also recently disclosed a dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, September 21st will be paid a dividend of GBX 9.30 ($0.12) per share. This represents a yield of 0.87%. This is an increase from Oxford Instruments plc’s previous dividend of $3.70. The ex-dividend date of this dividend is Thursday, September 21st.
About Oxford Instruments plc
Oxford Instruments plc is a provider of technology tools and systems for industry and research. The Company operates through three segments: Nanotechnology Tools, Industrial Products and Service. The Nanotechnology Tools segment offers technology products serving research customers in both the public and private sectors.
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