Oxford Instruments (LON:OXIG) Hits New 52-Week High – Still a Buy?

Oxford Instruments plc (LON:OXIG)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 3,100 and last traded at GBX 2,878, with a volume of 73404 shares changing hands. The stock had previously closed at GBX 2,838.

Wall Street Analysts Forecast Growth

OXIG has been the subject of several recent analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,590 target price on shares of Oxford Instruments in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Finally, Berenberg Bank raised their target price on shares of Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the company a “hold” rating in a research note on Monday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 2,681.67.

Oxford Instruments Stock Performance

The company has a market cap of £1.70 billion, a P/E ratio of 129.71, a price-to-earnings-growth ratio of -3.56 and a beta of 1.05. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 16.08. The stock has a 50 day moving average price of GBX 2,699.13 and a two-hundred day moving average price of GBX 2,406.58.

Oxford Instruments Company Profile