Oxford Instruments (LON:OXIG) Price Target Cut to GBX 2,400 by Analysts at Berenberg Bank

Oxford Instruments (LON:OXIG) had its price objective reduced by Berenberg Bank from GBX 2,500 to GBX 2,400 in a research note released on Wednesday morning, MarketBeat reports. They currently have a buy rating on the stock.

Several other equities analysts also recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Oxford Instruments from GBX 2,700 to GBX 2,500 and set an “overweight” rating on the stock in a report on Tuesday. Peel Hunt reissued a “buy” rating and issued a GBX 2,400 target price on shares of Oxford Instruments in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Oxford Instruments from GBX 2,550 to GBX 2,435 and set a “buy” rating on the stock in a report on Monday. Finally, Shore Capital reissued a “buy” rating and issued a GBX 2,600 target price on shares of Oxford Instruments in a report on Monday. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Oxford Instruments has a consensus rating of “Buy” and a consensus target price of GBX 2,467.

Oxford Instruments Price Performance

Shares of LON:OXIG opened at GBX 1,828 on Wednesday. The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11. Oxford Instruments has a 1-year low of GBX 1,470 and a 1-year high of GBX 2,224.13. The company has a market capitalization of £1.04 billion, a P/E ratio of 4,126.41, a P/E/G ratio of -3.56 and a beta of 0.96. The firm’s 50 day simple moving average is GBX 1,859.18 and its two-hundred day simple moving average is GBX 1,822.96.

Insider Buying and Selling at Oxford Instruments

In other Oxford Instruments news, insider Richard Tyson purchased 66 shares of Oxford Instruments stock in a transaction that occurred on Wednesday, September 10th. The shares were bought at an average price of GBX 1,824 per share, for a total transaction of £1,203.84. Also, insider Paul Fry purchased 98 shares of Oxford Instruments stock in a transaction that occurred on Wednesday, September 10th. The stock was acquired at an average price of GBX 1,824 per share, for a total transaction of £1,787.52. Insiders purchased 7,652 shares of company stock worth $14,839,734 in the last 90 days. 1.43% of the stock is currently owned by company insiders.

About Oxford Instruments

Oxford Instruments provides academic and commercial organisations worldwide with market-leading scientific technology and expertise across its key market segments: materials analysis, semiconductor, and healthcare & life science.
Innovation is the driving force behind Oxford Instruments’ growth and success, supporting its core purpose to accelerate the breakthroughs that create a brighter future for our world.