Oxford Instruments plc (LON:OXIG) Given Average Rating of “Moderate Buy” by Analysts

Shares of Oxford Instruments plc (LON:OXIG) have earned an average rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 2,781.67.

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

Oxford Instruments Stock Down 1.4%

Shares of LON:OXIG opened at GBX 2,910 on Tuesday. The stock has a fifty day simple moving average of GBX 2,906.55 and a two-hundred day simple moving average of GBX 2,786.23. The stock has a market capitalization of £1.60 billion, a price-to-earnings ratio of 34.77, a PEG ratio of -3.56 and a beta of 1.09. 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.

Oxford Instruments (LON:OXIG) last released its earnings results on Tuesday, June 9th. The company reported GBX 100.70 EPS for the quarter. Oxford Instruments had a return on equity of 13.94% and a net margin of 11.39%.The business had revenue of £423.20 million for the quarter. On average, research analysts anticipate that Oxford Instruments will post 117.7149452 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Paul Fry purchased 2,335 shares of Oxford Instruments stock in a transaction that occurred on Friday, July 24th. The stock was bought at an average price of GBX 3,044 per share, with a total value of £71,077.40. Also, insider Richard Tyson sold 11,124 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of GBX 2,786, for a total transaction of £309,914.64. Corporate insiders own 1.50% of the company’s stock.

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