Shore Capital Has Lowered Expectations for Oxford Instruments (LON:OXIG) Stock Price

Oxford Instruments (LON:OXIG) had its price target decreased by Shore Capital from GBX 2,800 ($37.16) to GBX 2,600 ($34.51) in a research note issued on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Shore Capital’s target price points to a potential upside of 45.41% from the company’s previous close.

Separately, Berenberg Bank decreased their target price on shares of Oxford Instruments from GBX 2,600 ($34.51) to GBX 2,500 ($33.18) and set a “buy” rating for the company in a report on Monday, July 14th.

Oxford Instruments Stock Performance

LON OXIG opened at GBX 1,788 ($23.73) on Thursday. Oxford Instruments has a 12-month low of GBX 1,470 ($19.51) and a 12-month high of GBX 2,545 ($33.78). The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 12.96. The company has a 50-day simple moving average of GBX 1,882.97 and a two-hundred day simple moving average of GBX 1,865.66. The firm has a market cap of £1.03 billion, a price-to-earnings ratio of 20.31, a PEG ratio of -3.56 and a beta of 0.96.

Oxford Instruments (LON:OXIG) last announced its quarterly earnings results on Friday, June 13th. The company reported GBX 112.40 ($1.49) earnings per share (EPS) for the quarter. Oxford Instruments had a return on equity of 14.14% and a net margin of 10.78%. On average, equities analysts forecast that Oxford Instruments will post 117.7149452 EPS for the current year.

Insider Transactions at Oxford Instruments

In related news, insider Richard Tyson bought 7,479 shares of the business’s stock in a transaction dated Thursday, July 24th. The shares were purchased at an average price of GBX 1,942 ($25.78) per share, with a total value of £145,242.18 ($192,782.29). Insiders have acquired a total of 15,406 shares of company stock worth $29,567,647 over the last quarter. 4.98% of the stock is owned by corporate insiders.

Oxford Instruments Company Profile

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.