Berenberg Bank Cuts Oxford Instruments (LON:OXIG) Price Target to GBX 2,830

Oxford Instruments (LON:OXIG) had its price objective trimmed by Berenberg Bank from GBX 2,925 ($36.86) to GBX 2,830 ($35.66) in a research note published on Tuesday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Separately, Shore Capital reissued a “buy” rating on shares of Oxford Instruments in a research report on Wednesday, October 16th.

Oxford Instruments Price Performance

OXIG stock opened at GBX 2,105 ($26.53) on Tuesday. 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 1,932 ($24.35) and a 1 year high of GBX 2,765 ($34.85). The firm has a 50-day moving average of GBX 2,091.43 and a 200 day moving average of GBX 2,304.02. The company has a market cap of £1.22 billion, a P/E ratio of 2,447.67, a PEG ratio of -3.56 and a beta of 0.96.

Oxford Instruments Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 28th will be paid a GBX 5.10 ($0.06) dividend. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 0.24%. Oxford Instruments’s dividend payout ratio (DPR) is currently 2,441.86%.

Oxford Instruments Company Profile

Oxford Instruments plc provide scientific technology products and services for academic and commercial organizations worldwide. It operates through three segments: Materials & Characterisation, Research & Discovery, and Service & Healthcare. The company offers atomic force, electron, and Raman microscopy; deposition tools comprising plasma enhanced chemical vapour deposition, chemical vapour deposition, inductively coupled plasma chemical vapour deposition, atomic layer deposition, and ion beam deposition systems; and etch tools, including inductively coupled plasma etching, reactive ion etching, deep silicon etching, atomic layer etching, and ion beam etching systems.