Insider Buying: Oxford Instruments plc (OXIG) Insider Purchases £154.36 in Stock

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Oxford Instruments plc (LON:OXIG) insider Ian Barkshire bought 17 shares of the company’s stock in a transaction on Monday, June 11th. The shares were purchased at an average cost of GBX 908 ($12.09) per share, for a total transaction of £154.36 ($205.51).

LON:OXIG opened at GBX 1,064 ($14.17) on Friday. Oxford Instruments plc has a 12 month low of GBX 680 ($9.05) and a 12 month high of GBX 1,174 ($15.63).

Oxford Instruments (LON:OXIG) last posted its quarterly earnings results on Tuesday, June 12th. The company reported GBX 56.30 ($0.75) EPS for the quarter, topping analysts’ consensus estimates of GBX 54.20 ($0.72) by GBX 2.10 ($0.03). Oxford Instruments had a net margin of 7.57% and a return on equity of 13.16%.

The business also recently declared a dividend, which will be paid on Friday, October 19th. Investors of record on Thursday, September 13th will be issued a GBX 9.60 ($0.13) dividend. This represents a dividend yield of 0.96%. The ex-dividend date is Thursday, September 13th. This is a boost from Oxford Instruments’s previous dividend of $3.70.

Several research firms have commented on OXIG. Berenberg Bank raised shares of Oxford Instruments to a “buy” rating in a research report on Thursday. Numis Securities reissued a “buy” rating on shares of Oxford Instruments in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Oxford Instruments from GBX 1,100 ($14.65) to GBX 1,180 ($15.71) and gave the stock an “overweight” rating in a research report on Wednesday. Shore Capital reissued a “hold” rating on shares of Oxford Instruments in a research report on Tuesday. Finally, Peel Hunt lifted their target price on shares of Oxford Instruments from GBX 1,020 ($13.58) to GBX 1,070 ($14.25) and gave the stock a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 1,050.63 ($13.99).

About Oxford Instruments

Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United States, rest of Europe, rest of Asia, the United Kingdom, Japan, China, Germany, and internationally. The company's Nanotechnology Tools segment provides high performance scientific imaging cameras, spectroscopy solutions, and microscopy systems for research and OEM markets; atomic force probe microscopy for materials and bioscience applications; 3D and 4D image visualization and analysis software; and nanoanalysis solutions for materials characterization and nanofabrication on scanning electron microscopes, focussed ion beams, and transmission electron microscopes.

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