Analysts Set Oxford Instruments plc (LON:OXIG) Target Price at GBX 2,781.67

Shares of Oxford Instruments plc (LON:OXIG) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 2,781.67.

Several research firms have issued reports on OXIG. JPMorgan Chase & Co. increased their target price on Oxford Instruments from GBX 3,000 to GBX 3,200 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 2,590 target price on shares of Oxford Instruments in a research report on Wednesday, June 10th. Finally, Berenberg Bank upped their price objective on Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the stock a “hold” rating in a report on Monday, May 18th.

Insider Activity

In related news, insider Richard Tyson sold 11,124 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of GBX 2,786, for a total transaction of £309,914.64. Also, insider Paul Fry acquired 2,335 shares of the stock in a transaction dated Friday, July 24th. The shares were purchased at an average cost of GBX 3,044 per share, with a total value of £71,077.40. 1.50% of the stock is currently owned by insiders.

Oxford Instruments Price Performance

Oxford Instruments stock opened at GBX 2,836 on Tuesday. Oxford Instruments has a 12 month low of GBX 1,682 and a 12 month high of GBX 3,318. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 13.08. The business’s 50 day simple moving average is GBX 2,903.42 and its 200 day simple moving average is GBX 2,796.82. The company has a market cap of £1.56 billion, a price-to-earnings ratio of 33.88, a PEG ratio of -3.56 and a beta of 1.09.

Oxford Instruments (LON:OXIG) last announced its quarterly earnings data on Tuesday, June 9th. The company reported GBX 100.70 earnings per share for the quarter. The company had revenue of £423.20 million during the quarter. Oxford Instruments had a return on equity of 13.94% and a net margin of 11.39%. Sell-side analysts forecast that Oxford Instruments will post 117.7149452 EPS for the current year.

Oxford Instruments Company Profile