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.
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Oxford Instruments Stock Performance
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.
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