Oxford Instruments (LON:OXIG) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Oxford Instruments plc (LON:OXIG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,164.73 and traded as high as GBX 2,545. Oxford Instruments shares last traded at GBX 2,510, with a volume of 2,684,781 shares traded.

Analysts Set New Price Targets

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

Oxford Instruments Trading Down 4.2%

The company has a market cap of £1.33 billion, a price-to-earnings ratio of 100.42, a price-to-earnings-growth ratio of -3.56 and a beta of 1.02. The company’s 50 day moving average price is GBX 2,532.82 and its 200 day moving average price is GBX 2,170.88. The company has a debt-to-equity ratio of 16.08, a quick ratio of 1.11 and a current ratio of 1.77.

Oxford Instruments Company Profile