Oxford Instruments (LON:OXIG) Reaches New 12-Month High – Time to Buy?

Oxford Instruments plc (LON:OXIG) shares reached a new 52-week high during trading on Thursday . The company traded as high as GBX 3,044 and last traded at GBX 3,042.40, with a volume of 225491 shares changing hands. The stock had previously closed at GBX 2,992.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on OXIG shares. Berenberg Bank boosted their price target on shares of Oxford Instruments from GBX 2,400 to GBX 2,700 and gave the company a “buy” rating in a research report on Thursday, January 15th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,590 price target on shares of Oxford Instruments in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Finally, Shore Capital Group restated a “buy” rating and set a GBX 2,600 price target on shares of Oxford Instruments in a research note on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 2,631.67.

Oxford Instruments Stock Up 1.7%

The business has a 50 day moving average of GBX 2,658.18 and a 200-day moving average of GBX 2,363.71. The stock has a market cap of £1.68 billion, a PE ratio of 128.37, a P/E/G ratio of -3.56 and a beta of 1.05. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 16.08.

Oxford Instruments Company Profile