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

Shares of Oxford Instruments plc (LON:OXIG) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 2,781.67.

Several equities research analysts recently issued reports on the stock. 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, May 18th. Jefferies Financial Group restated a “hold” rating and issued a GBX 2,590 price objective on shares of Oxford Instruments in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. lifted their target price on Oxford Instruments from GBX 3,000 to GBX 3,200 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th.

Insiders Place Their Bets

In related news, insider Richard Tyson acquired 3,154 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were bought at an average cost of GBX 3,044 per share, with a total value of £96,007.76. Also, insider Paul Fry bought 2,335 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were bought at an average price of GBX 3,044 per share, with a total value of £71,077.40. 1.50% of the stock is currently owned by corporate insiders.

Oxford Instruments Stock Performance

LON OXIG opened at GBX 2,832 on Friday. The firm has a market capitalization of £1.56 billion, a P/E ratio of 33.84, a price-to-earnings-growth ratio of -3.56 and a beta of 1.11. 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 firm’s fifty day moving average price is GBX 2,978.06 and its two-hundred day moving average price is GBX 2,743.16. Oxford Instruments has a 1 year low of GBX 1,682 and a 1 year high of GBX 3,318.

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

About Oxford Instruments