Oxford Instruments (LON:OXIG) Trading 12.6% Higher – What’s Next?

Oxford Instruments plc (LON:OXIG) traded up 12.6% on Tuesday . The stock traded as high as GBX 2,060 and last traded at GBX 2,018.07. 275,469 shares changed hands during trading, an increase of 38% from the average session volume of 199,404 shares. The stock had previously closed at GBX 1,792.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OXIG shares. JPMorgan Chase & Co. dropped their target price on Oxford Instruments from GBX 2,700 to GBX 2,500 and set an “overweight” rating for the company in a research report on Tuesday, October 14th. Peel Hunt restated a “buy” rating and set a GBX 2,400 price objective on shares of Oxford Instruments in a research report on Monday, October 13th. Shore Capital reiterated a “buy” rating and set a GBX 2,600 price objective on shares of Oxford Instruments in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price objective on Oxford Instruments from GBX 2,550 to GBX 2,435 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Berenberg Bank dropped their price target on Oxford Instruments from GBX 2,500 to GBX 2,400 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Oxford Instruments has a consensus rating of “Buy” and a consensus target price of GBX 2,467.

Oxford Instruments Stock Down 0.5%

The stock’s fifty day simple moving average is GBX 1,882.24 and its 200-day simple moving average is GBX 1,859.52. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 12.96. The stock has a market capitalization of £1.19 billion, a PE ratio of 47.52, a P/E/G ratio of -3.56 and a beta of 0.96.

Oxford Instruments (LON:OXIG) last released its earnings results on Tuesday, November 11th. The company reported GBX 33 earnings per share (EPS) for the quarter. Oxford Instruments had a return on equity of 14.14% and a net margin of 10.78%. As a group, sell-side analysts forecast that Oxford Instruments plc will post 117.7149452 EPS for the current fiscal year.

Insider Buying and Selling at Oxford Instruments

In other news, insider Richard Tyson acquired 66 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was bought at an average price of GBX 1,824 per share, with a total value of £1,203.84. Also, insider Paul Fry acquired 98 shares of the stock in a transaction that occurred 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. 1.45% 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.