Oxford Instruments plc (LON:OXIG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Oxford Instruments plc (LON:OXIGGet Free Report) have received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 2,414 ($30.49).

OXIG has been the subject of several analyst reports. Jefferies Financial Group restated a “hold” rating and set a GBX 2,720 ($34.35) target price on shares of Oxford Instruments in a report on Tuesday, June 13th. Shore Capital reissued a “buy” rating on shares of Oxford Instruments in a research note on Thursday, June 22nd. Berenberg Bank restated a “buy” rating and set a GBX 3,100 ($39.15) price objective on shares of Oxford Instruments in a research report on Tuesday, June 13th. HSBC initiated coverage on Oxford Instruments in a research report on Wednesday, May 17th. They issued a “hold” rating and a GBX 2,900 ($36.63) target price on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 350 ($4.42) target price on shares of Oxford Instruments in a report on Tuesday, July 18th.

View Our Latest Research Report on Oxford Instruments

Oxford Instruments Trading Up 0.2 %

Shares of Oxford Instruments stock opened at GBX 2,210 ($27.91) on Wednesday. The company’s 50-day moving average price is GBX 2,408.29 and its 200-day moving average price is GBX 2,553.53. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 12.76. The company has a market cap of £1.28 billion, a price-to-earnings ratio of 2,210.00, a PEG ratio of -3.56 and a beta of 0.87. Oxford Instruments has a 12-month low of GBX 1,686 ($21.29) and a 12-month high of GBX 2,884.80 ($36.43).

Oxford Instruments Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, August 3rd will be issued a dividend of GBX 14.90 ($0.19) per share. The ex-dividend date is Thursday, August 3rd. This is a positive change from Oxford Instruments’s previous dividend of $4.60. This represents a dividend yield of 0.55%. Oxford Instruments’s payout ratio is 2,000.00%.

Insider Buying and Selling

In related news, insider Ian Barkshire acquired 1,443 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was acquired at an average price of GBX 2,504 ($31.62) per share, with a total value of £36,132.72 ($45,633.64). In the last quarter, insiders have acquired 1,462 shares of company stock worth $3,662,350. 10.75% of the stock is owned by company insiders.

About Oxford Instruments

(Get Free Report

Oxford Instruments plc provides technology products and services in Europe, North America, Asia, and internationally. It operates through three segments: Materials & Characterisation, Research & Discovery, and Service & Healthcare. The company offers atomic force microscopy products; tools for use in research and development across a range of applications, including semiconductors, renewable energy, mining, metallurgy, and forensics; etch and deposition processing equipment and solutions for use in power and RF devices, VCSELs/lasers, 2D materials, augmented reality, biomems, failure analysis, HBLEDs, infrared sensors, MEMS and sensors, and quantum; and low temperature systems comprising wet systems, dry systems, magnets, cryogenics, and accessories.

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Analyst Recommendations for Oxford Instruments (LON:OXIG)

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