Oxford Instruments (LON:OXIG) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Oxford Instruments plc (LON:OXIG)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,845.62 and traded as high as GBX 1,966. Oxford Instruments shares last traded at GBX 1,914, with a volume of 36,307 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OXIG shares. Berenberg Bank cut their target price on Oxford Instruments from GBX 2,500 to GBX 2,400 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. JPMorgan Chase & Co. cut their target price on Oxford Instruments from GBX 2,700 to GBX 2,500 and set an “overweight” rating on the stock in a research report on Tuesday, October 14th. Shore Capital reaffirmed a “buy” rating and set a GBX 2,600 target price on shares of Oxford Instruments in a research report on Monday, October 13th. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,400 target price on shares of Oxford Instruments in a research report on Monday, October 13th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Oxford Instruments from GBX 2,550 to GBX 2,435 and set a “buy” rating on the stock in a research report on Monday, October 13th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Oxford Instruments currently has a consensus rating of “Buy” and an average price target of GBX 2,467.

Oxford Instruments Stock Down 0.1%

The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11. The firm has a market cap of £1.08 billion, a PE ratio of 42.93, a P/E/G ratio of -3.56 and a beta of 0.96. The business has a fifty day moving average price of GBX 1,870.08 and a two-hundred day moving average price of GBX 1,845.62.

Insiders Place Their Bets

In other Oxford Instruments news, insider Richard Tyson purchased 66 shares of the stock in a transaction dated Wednesday, September 10th. The shares were acquired at an average price of GBX 1,824 per share, for a total transaction of £1,203.84. Also, insider Paul Fry bought 98 shares of the stock in a transaction on Wednesday, September 10th. The stock was purchased at an average price of GBX 1,824 per share, for a total transaction of £1,787.52. Insiders have bought 173 shares of company stock worth $315,516 in the last quarter. 1.43% of the stock is currently owned by corporate insiders.

Oxford Instruments Company Profile

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.