Oxford Instruments (LON:OXIG) Hits New 52-Week High – Here’s What Happened

Oxford Instruments plc (LON:OXIG)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 3,330.61 and last traded at GBX 3,086, with a volume of 807122 shares. The stock had previously closed at GBX 3,062.

Analysts Set New Price Targets

A number of brokerages have commented on OXIG. Berenberg Bank boosted their target price on shares of Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the stock a “hold” rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,590 target price on shares of Oxford Instruments in a report on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,681.67.

Oxford Instruments Stock Down 6.1%

The business’s 50 day moving average is GBX 2,863.56 and its 200-day moving average is GBX 2,510.84. The stock has a market cap of £1.60 billion, a price-to-earnings ratio of 122.28, a PEG ratio of -3.56 and a beta of 1.05. The company has a debt-to-equity ratio of 16.08, a quick ratio of 1.11 and a current ratio of 1.77.

Oxford Instruments Company Profile