Oxford Instruments (LON:OXIG) Hits New 12-Month High – Here’s Why

Oxford Instruments plc (LON:OXIG)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 3,318 and last traded at GBX 3,302, with a volume of 305423 shares. The stock had previously closed at GBX 3,232.

Wall Street Analyst Weigh In

OXIG has been the subject of a number of analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,590 price objective on shares of Oxford Instruments in a research note on Wednesday, April 15th. Berenberg Bank lifted their price objective on Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the stock a “hold” rating in a research note on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Oxford Instruments presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,681.67.

Oxford Instruments Trading Up 2.2%

The company has a fifty day simple moving average of GBX 2,791.65 and a two-hundred day simple moving average of GBX 2,471.27. 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 market capitalization of £1.82 billion, a P/E ratio of 139.32, a price-to-earnings-growth ratio of -3.56 and a beta of 1.05.

About Oxford Instruments