Oxford Instruments (LON:OXIG) Shares Pass Above 200 Day Moving Average – Here’s Why

Oxford Instruments plc (LON:OXIG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,902.98 and traded as high as GBX 2,100. Oxford Instruments shares last traded at GBX 2,095, with a volume of 149,104 shares trading hands.

Wall Street Analyst Weigh In

OXIG has been the topic of several analyst reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,400 price target on shares of Oxford Instruments in a report on Monday, October 13th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Oxford Instruments from GBX 2,550 to GBX 2,435 and set a “buy” rating on the stock in a research report on Monday, October 13th. Berenberg Bank dropped their target price on shares of Oxford Instruments from GBX 2,500 to GBX 2,400 and set a “buy” rating for the company in a report on Wednesday, October 15th. Shore Capital reissued a “buy” rating and set a GBX 2,600 price target on shares of Oxford Instruments in a report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Oxford Instruments from GBX 2,500 to GBX 2,600 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 2,487.

Oxford Instruments Trading Up 0.2%

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 stock has a market cap of £1.18 billion, a PE ratio of 88.40, a price-to-earnings-growth ratio of -3.56 and a beta of 0.96. The stock has a 50-day moving average price of GBX 1,956.48 and a two-hundred day moving average price of GBX 1,902.98.

Oxford Instruments (LON:OXIG) last announced its quarterly 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%. Sell-side analysts forecast that Oxford Instruments plc will post 117.7149452 earnings per share for the current fiscal year.

Oxford Instruments Company Profile