Shore Capital Reaffirms Buy Rating for Oxford Instruments (LON:OXIG)

Shore Capital restated their buy rating on shares of Oxford Instruments (LON:OXIG) in a research report sent to investors on Tuesday, Analyst Ratings Network reports.

Several other brokerages also recently commented on OXIG. Berenberg Bank lifted their target price on shares of Oxford Instruments from GBX 2,300 ($30.05) to GBX 2,465 ($32.21) and gave the stock a buy rating in a report on Thursday, April 15th. JPMorgan Chase & Co. boosted their price objective on shares of Oxford Instruments from GBX 1,900 ($24.82) to GBX 2,100 ($27.44) and gave the company an overweight rating in a report on Monday, March 29th.

Shares of OXIG stock opened at GBX 2,110 ($27.57) on Tuesday. The company has a market cap of £1.21 billion and a P/E ratio of 34.48. The company has a quick ratio of 1.08, a current ratio of 1.45 and a debt-to-equity ratio of 14.70. The business’s 50-day moving average is GBX 2,093. Oxford Instruments has a 52 week low of GBX 1,211.60 ($15.83) and a 52 week high of GBX 2,355 ($30.77).

The company also recently declared a dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 9th will be issued a dividend of GBX 12.90 ($0.17) per share. This represents a dividend yield of 0.6%. The ex-dividend date is Thursday, September 9th. This is an increase from Oxford Instruments’s previous dividend of $4.10.

About Oxford Instruments

Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United Kingdom, China, Japan, the United States, Germany, rest of Europe, rest of Asia, and internationally. It operates through Materials and Characterisation, Research and Discovery, and Service and Healthcare segments.

Featured Story: Terms to Better Understand Call Options

Receive News & Ratings for Oxford Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Instruments and related companies with MarketBeat.com's FREE daily email newsletter.