Oxford Instruments (LON:OXIG) Reaches New 1-Year Low – Here’s What Happened

Oxford Instruments plc (LON:OXIG) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 1,852 ($23.34) and last traded at GBX 1,898.64 ($23.93), with a volume of 48594 shares changing hands. The stock had previously closed at GBX 1,910 ($24.07).

Analysts Set New Price Targets

Several research firms recently weighed in on OXIG. Berenberg Bank reduced their price target on shares of Oxford Instruments from GBX 2,925 ($36.87) to GBX 2,830 ($35.67) and set a “buy” rating for the company in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 95 ($1.20) price objective on shares of Oxford Instruments in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,978.75 ($24.94).

Oxford Instruments Stock Performance

The company has a market cap of £1.11 billion, a PE ratio of 21.76, a PEG ratio of -3.56 and a beta of 0.96. The company has a debt-to-equity ratio of 12.96, a quick ratio of 1.11 and a current ratio of 1.64. The firm’s 50 day moving average is GBX 2,051.21 and its 200-day moving average is GBX 2,100.22.

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.