JPMorgan Chase & Co. Issues Pessimistic Forecast for Oxford Instruments (LON:OXIG) Stock Price

Oxford Instruments (LON:OXIG) had its price target cut by JPMorgan Chase & Co. from GBX 2,700 to GBX 2,500 in a research note issued to investors on Tuesday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 39.04% from the stock’s current price.

Several other research firms have also weighed in on OXIG. Shore Capital restated a “buy” rating and issued a GBX 2,600 target price on shares of Oxford Instruments in a report on Monday. Berenberg Bank reduced their target price on Oxford Instruments from GBX 2,600 to GBX 2,500 and set a “buy” rating for the company in a report on Monday, July 14th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 2,400 target price on shares of Oxford Instruments in a report on Monday. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 2,487.

Oxford Instruments Stock Down 1.7%

OXIG opened at GBX 1,798 on Tuesday. The business has a 50 day moving average price of GBX 1,858.46 and a 200 day moving average price of GBX 1,823.28. Oxford Instruments has a twelve month low of GBX 1,470 and a twelve month high of GBX 2,224.13. The company has a debt-to-equity ratio of 12.96, a quick ratio of 1.11 and a current ratio of 1.64. The firm has a market cap of £1.02 billion, a P/E ratio of 4,058.69, a price-to-earnings-growth ratio of -3.56 and a beta of 0.96.

Insider Activity at Oxford Instruments

In other Oxford Instruments news, insider Richard Tyson purchased 7,479 shares of the company’s stock in a transaction on Thursday, July 24th. The shares were bought at an average cost of GBX 1,942 per share, with a total value of £145,242.18. Also, insider Paul Fry purchased 98 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was acquired at an average cost of GBX 1,824 per share, for a total transaction of £1,787.52. Over the last ninety days, insiders acquired 7,652 shares of company stock worth $14,839,734. Company insiders own 1.43% of the company’s stock.

Oxford Instruments Company Profile

Oxford Instruments provides academic and commercial organisations worldwide with market-leading scientific technology and expertise across its key market segments: materials analysis, semiconductor, and healthcare & life science.
Innovation is the driving force behind Oxford Instruments’ growth and success, supporting its core purpose to accelerate the breakthroughs that create a brighter future for our world.