Oxford Instruments (LON:OXIG) Price Target Raised to GBX 3,000 at Jefferies Financial Group

Oxford Instruments (LON:OXIG) had its price target lifted by research analysts at Jefferies Financial Group from GBX 2,590 to GBX 3,000 in a research note issued to investors on Thursday, London Stock Exchange reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 9.57% from the stock’s previous close.

A number of other research firms have also recently weighed in on OXIG. JPMorgan Chase & Co. increased their price objective on shares of Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the stock an “overweight” rating in a research report on Thursday. Berenberg Bank lifted their price objective on 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. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Oxford Instruments presently has an average rating of “Moderate Buy” and an average target price of GBX 2,883.33.

Oxford Instruments Price Performance

OXIG stock opened at GBX 2,738 on Thursday. The business has a fifty day moving average of GBX 2,845.97 and a two-hundred day moving average of GBX 2,815.37. 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 has a market cap of £1.50 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of -3.56 and a beta of 1.09. Oxford Instruments has a 52-week low of GBX 1,682 and a 52-week high of GBX 3,318.

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

Insider Activity at Oxford Instruments

In other news, insider Paul Fry acquired 2,335 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was acquired at an average cost of GBX 3,044 per share, with a total value of £71,077.40. Also, insider Richard Tyson sold 11,124 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of GBX 2,786, for a total value of £309,914.64. 1.55% of the stock is owned by company insiders.

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