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

Shares of Oxford Instruments plc (LON:OXIG) 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.

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

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.