Oxford Instruments (LON:OXIG) Stock Price Target Cut by Berenberg Bank

Oxford Instruments (LON:OXIG) had its price objective cut by investment analysts at Berenberg Bank from GBX 3,000 to GBX 2,840 in a research note issued on Wednesday, Digital Look reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential downside of 4.63% from the company’s previous close.

A number of other equities analysts have also recently weighed in on OXIG. JPMorgan Chase & Co. upped their price objective on shares of Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the stock an “overweight” rating in a research report on Thursday, September 10th. Jefferies Financial Group upped their target price on Oxford Instruments from GBX 2,590 to GBX 3,000 and gave the company a “hold” rating in a report on Thursday, September 10th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,948.

Oxford Instruments Stock Down 0.3%

OXIG opened at GBX 2,978 on Wednesday. The company has a debt-to-equity ratio of 13.08, a quick ratio of 1.11 and a current ratio of 1.83. Oxford Instruments has a fifty-two week low of GBX 1,750 and a fifty-two week high of GBX 3,318. The company has a fifty day moving average of GBX 2,862.37 and a two-hundred day moving average of GBX 2,872.61. The stock has a market capitalization of £1.63 billion, a price-to-earnings ratio of 35.58, a PEG ratio of -3.56 and a beta of 1.09.

Insider Activity

In other Oxford Instruments news, insider Richard Tyson acquired 65 shares of the stock in a transaction dated Thursday, September 10th. The stock was acquired at an average price of GBX 2,731 per share, with a total value of £1,775.15. Also, insider Paul Fry purchased 66 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was acquired at an average cost of GBX 2,731 per share, with a total value of £1,802.46. Insiders have bought 5,620 shares of company stock worth $17,066,277 in the last three months. Corporate insiders own 1.56% of the company’s stock.

Oxford Instruments Company Profile