Berenberg Bank Issues Pessimistic Forecast for Oxford Instruments (LON:OXIG) Stock Price

Oxford Instruments (LON:OXIG) had its price objective cut by equities research analysts at Berenberg Bank from GBX 2,600 ($34.81) to GBX 2,500 ($33.47) in a research report issued on Monday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 24.38% from the company’s previous close.

Oxford Instruments Stock Performance

Shares of LON:OXIG opened at GBX 2,010 ($26.91) on Monday. The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11. The business’s 50 day moving average price is GBX 1,864.28 and its 200-day moving average price is GBX 1,878.67. The firm has a market capitalization of £1.16 billion, a PE ratio of 22.83, a P/E/G ratio of -3.56 and a beta of 0.96. Oxford Instruments has a 1 year low of GBX 1,470 ($19.68) and a 1 year high of GBX 2,600 ($34.81).

Oxford Instruments (LON:OXIG) last issued its earnings results on Friday, June 13th. The company reported GBX 112.40 ($1.50) EPS for the quarter. Oxford Instruments had a net margin of 10.78% and a return on equity of 14.14%. As a group, equities research analysts expect that Oxford Instruments will post 117.7149452 earnings per share for the current fiscal year.

Insider Activity at Oxford Instruments

In related news, insider Richard Tyson purchased 3,902 shares of the business’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was purchased at an average price of GBX 1,922 ($25.73) per share, with a total value of £74,996.44 ($100,410.28). Insiders purchased a total of 7,927 shares of company stock valued at $15,043,429 over the last ninety days. 4.98% of the stock is currently owned by company insiders.

About Oxford Instruments

Oxford Instruments provides academic and commercial organisations worldwide with market-leading scientific technology and expertise across its key market segments: materials analysis, semiconductor, and healthcare & life science.
Innovation is the driving force behind Oxford Instruments’ growth and success, supporting its core purpose to accelerate the breakthroughs that create a brighter future for our world.