Oxford Instruments (LON:OXIG) Price Target Raised to GBX 2,600 at JPMorgan Chase & Co.

Oxford Instruments (LON:OXIG) had its price objective upped by JPMorgan Chase & Co. from GBX 2,500 to GBX 2,600 in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research analysts have also issued reports on the stock. Peel Hunt reissued a “buy” rating and set a GBX 2,400 target price on shares of Oxford Instruments in a research note on Monday, October 13th. Shore Capital reiterated a “buy” rating and set a GBX 2,600 price objective on shares of Oxford Instruments in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on Oxford Instruments from GBX 2,550 to GBX 2,435 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Berenberg Bank reduced their price target on Oxford Instruments from GBX 2,500 to GBX 2,400 and set a “buy” rating for the company in a research report on Wednesday, October 15th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 2,487.

Oxford Instruments Stock Up 3.9%

Shares of Oxford Instruments stock opened at GBX 2,120 on Thursday. Oxford Instruments has a 1-year low of GBX 1,470 and a 1-year high of GBX 2,200. The company has a market capitalization of £1.20 billion, a PE ratio of 47.86, 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. The business has a 50-day moving average of GBX 1,929.26 and a 200-day moving average of GBX 1,883.86.

Oxford Instruments (LON:OXIG) last released its earnings results on Tuesday, November 11th. The company reported GBX 33 EPS for the quarter. Oxford Instruments had a return on equity of 14.14% and a net margin of 10.78%. As a group, equities analysts forecast that Oxford Instruments will post 117.7149452 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paul Fry acquired 98 shares of Oxford Instruments stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average price of GBX 1,824 per share, with a total value of £1,787.52. Also, insider Richard Tyson purchased 66 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average cost of GBX 1,824 per share, with a total value of £1,203.84. 1.45% 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.