Oxford Instruments (LON:OXIG) Given New GBX 2,840 Price Target at Berenberg Bank

Oxford Instruments (LON:OXIG – Get Free Report) had its price target cut by stock analysts at Berenberg Bank from GBX 3,000 to GBX 2,840 in a research report issued on Wednesday, Digital Look reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s target price indicates a potential downside of 4.63% from the company’s previous close.

A number of other research analysts have also issued reports on OXIG. JPMorgan Chase & Co. boosted their price target on shares of Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. Jefferies Financial Group lifted their price target on Oxford Instruments from GBX 2,590 to GBX 3,000 and gave the stock a “hold” rating in a research note on Thursday, September 10th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Oxford Instruments presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,948.

Get Our Latest Research Report on Oxford Instruments

Oxford Instruments Stock Performance

Shares of OXIG stock opened at GBX 2,978 on Wednesday. The stock has a market capitalization of £1.63 billion, a PE ratio of 35.58, a price-to-earnings-growth ratio of -3.56 and a beta of 1.09. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 13.08. The stock’s 50-day moving average price is GBX 2,862.37 and its 200 day moving average price is GBX 2,872.61. Oxford Instruments has a 52-week low of GBX 1,750 and a 52-week high of GBX 3,318.

Insider Transactions at Oxford Instruments

In other news, insider Paul Fry bought 66 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was acquired at an average price of GBX 2,731 per share, for a total transaction of £1,802.46. Also, insider Richard Tyson acquired 65 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were acquired at an average price of GBX 2,731 per share, with a total value of £1,775.15. Insiders have bought a total of 5,620 shares of company stock valued at $17,066,277 in the last quarter. Company insiders own 1.56% of the company’s stock.

About Oxford Instruments

(Get Free Report)

Further Reading

Analyst Recommendations for Oxford Instruments (LON:OXIG)

Receive News & Ratings for Oxford Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Instruments and related companies with MarketBeat.com's FREE daily email newsletter.