Oxford Instruments (LON:OXIG) Sets New 12-Month High – Here’s Why

Shares of Oxford Instruments plc (LON:OXIGGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 2,415 and last traded at GBX 2,404.45, with a volume of 2770549 shares changing hands. The stock had previously closed at GBX 2,325.

Wall Street Analyst Weigh In

OXIG has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Oxford Instruments from GBX 2,500 to GBX 2,600 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,400 target price on shares of Oxford Instruments in a research note on Monday, October 13th. Shore Capital reissued a “buy” rating and issued a GBX 2,600 price target on shares of Oxford Instruments in a research note on Thursday, January 15th. Deutsche Bank Aktiengesellschaft increased their price target on Oxford Instruments from GBX 2,435 to GBX 2,675 and gave the stock a “buy” rating in a report on Thursday, January 15th. Finally, Berenberg Bank lifted their price objective on shares of Oxford Instruments from GBX 2,400 to GBX 2,700 and gave the company a “buy” rating in a research note on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Oxford Instruments has a consensus rating of “Buy” and an average target price of GBX 2,595.

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Oxford Instruments Trading Up 3.4%

The firm has a fifty day simple moving average of GBX 2,081.05 and a 200-day simple moving average of GBX 1,949.73. The firm has a market cap of £1.35 billion, a P/E ratio of 101.45, a price-to-earnings-growth ratio of -3.56 and a beta of 0.96. 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:OXIGGet Free Report) last released its quarterly earnings data on Tuesday, November 11th. The company reported GBX 33 EPS for the quarter. Oxford Instruments had a return on equity of 14.14% and a net margin of 10.78%. On average, equities research analysts expect that Oxford Instruments plc will post 117.7149452 earnings per share for the current year.

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