Oxford Instruments (LON:OXIG) Hits New 1-Year High – Time to Buy?

Shares of Oxford Instruments plc (LON:OXIG) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 3,100 and last traded at GBX 2,878, with a volume of 73404 shares traded. The stock had previously closed at GBX 2,838.

Wall Street Analysts Forecast Growth

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

Oxford Instruments Trading Up 1.4%

The business has a fifty day moving average of GBX 2,683.65 and a 200-day moving average of GBX 2,392.16. The company has a debt-to-equity ratio of 16.08, a quick ratio of 1.11 and a current ratio of 1.77. The company has a market capitalization of £1.59 billion, a P/E ratio of 121.43, a PEG ratio of -3.56 and a beta of 1.05.

Oxford Instruments Company Profile