Berenberg Bank Lowers Oxford Instruments (LON:OXIG) Price Target to GBX 2,830

Oxford Instruments (LON:OXIG) had its target price reduced by investment analysts at Berenberg Bank from GBX 2,925 ($37.64) to GBX 2,830 ($36.42) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 35.73% from the company’s previous close.

Separately, Shore Capital restated a “buy” rating on shares of Oxford Instruments in a research note on Wednesday, October 16th.

Oxford Instruments Stock Up 2.5 %

LON:OXIG opened at GBX 2,085 ($26.83) on Tuesday. The firm’s 50-day moving average price is GBX 2,094.33 and its 200-day moving average price is GBX 2,306.46. The company has a market capitalization of £1.21 billion, a PE ratio of 2,424.42, a P/E/G ratio of -3.56 and a beta of 0.96. The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11. Oxford Instruments has a 1-year low of GBX 1,918 ($24.68) and a 1-year high of GBX 2,765 ($35.58).

Oxford Instruments Company Profile

Oxford Instruments plc provide scientific technology products and services for academic and commercial organizations worldwide. It operates through three segments: Materials & Characterisation, Research & Discovery, and Service & Healthcare. The company offers atomic force, electron, and Raman microscopy; deposition tools comprising plasma enhanced chemical vapour deposition, chemical vapour deposition, inductively coupled plasma chemical vapour deposition, atomic layer deposition, and ion beam deposition systems; and etch tools, including inductively coupled plasma etching, reactive ion etching, deep silicon etching, atomic layer etching, and ion beam etching systems.