Oxford Instruments (LON:OXIG) Given New GBX 2,700 Price Target at Berenberg Bank

Oxford Instruments (LON:OXIG) had its target price boosted by equities researchers at Berenberg Bank from GBX 2,400 to GBX 2,700 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 12.58% from the stock’s current price.

A number of other research analysts have also commented on OXIG. Shore Capital restated a “buy” rating and issued a GBX 2,600 target price on shares of Oxford Instruments in a research note on Thursday. Peel Hunt restated a “buy” rating and issued a GBX 2,400 price objective on shares of Oxford Instruments in a research note on Monday, October 13th. JPMorgan Chase & Co. raised their price objective on shares of Oxford Instruments from GBX 2,500 to GBX 2,600 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Oxford Instruments from GBX 2,550 to GBX 2,435 and set a “buy” rating on the stock in a research note on Monday, October 13th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 2,595.

Oxford Instruments Stock Performance

Shares of LON OXIG traded up GBX 73.24 during mid-day trading on Thursday, hitting GBX 2,398.24. The company had a trading volume of 417,146 shares, compared to its average volume of 274,344. Oxford Instruments has a 12 month low of GBX 1,470 and a 12 month high of GBX 2,410. The firm has a market cap of £1.35 billion, a P/E ratio of 101.19, a PEG ratio of -3.56 and a beta of 0.96. The business’s 50-day simple moving average is GBX 2,052.31 and its 200-day simple moving average is GBX 1,941.31. 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 (LON:OXIG) last issued its quarterly 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, analysts predict that Oxford Instruments will post 117.7149452 earnings per share for the current fiscal year.

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