Oxford Instruments (LON:OXIG) Reaches New 12-Month High – Time to Buy?

Shares of Oxford Instruments plc (LON:OXIG) hit a new 52-week high on Thursday . The stock traded as high as GBX 3,044 and last traded at GBX 3,042.40, with a volume of 225491 shares trading hands. The stock had previously closed at GBX 2,992.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OXIG. Shore Capital Group reiterated a “buy” rating and issued a GBX 2,600 target price on shares of Oxford Instruments in a research note on Thursday, January 15th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,590 target price on shares of Oxford Instruments in a research note on Wednesday, April 15th. Berenberg Bank lifted their target price on Oxford Instruments from GBX 2,400 to GBX 2,700 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 2,631.67.

Oxford Instruments Stock Performance

The company has a debt-to-equity ratio of 16.08, a current ratio of 1.77 and a quick ratio of 1.11. The stock has a market capitalization of £1.68 billion, a PE ratio of 128.37, a P/E/G ratio of -3.56 and a beta of 1.05. The stock has a 50 day moving average of GBX 2,658.18 and a two-hundred day moving average of GBX 2,363.71.

Oxford Instruments Company Profile