Oxford Instruments (LON:OXIG) Hits New 52-Week High – Time to Buy?

Oxford Instruments plc (LON:OXIG) shares hit a new 52-week high on Monday . The stock traded as high as GBX 2,205 and last traded at GBX 2,145, with a volume of 1158 shares. The stock had previously closed at GBX 2,141.44.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft cut 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. Shore Capital reiterated a “buy” rating and issued a GBX 2,600 price target on shares of Oxford Instruments in a research note on Tuesday, November 11th. Berenberg Bank cut their price target on shares of Oxford Instruments from GBX 2,500 to GBX 2,400 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. JPMorgan Chase & Co. raised their price objective on Oxford Instruments from GBX 2,500 to GBX 2,600 and gave the company an “overweight” rating in a report on Thursday, December 4th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,400 target price on shares of Oxford Instruments in a research report on Monday, October 13th. 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 Trading Up 0.6%

The business’s 50 day simple moving average is GBX 2,022.17 and its 200 day simple moving average is GBX 1,933.33. The stock has a market cap of £1.21 billion, a price-to-earnings ratio of 90.93, a PEG ratio of -3.56 and a beta of 0.96. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 12.96.

Oxford Instruments (LON:OXIG) last issued its earnings results on Tuesday, November 11th. The company reported GBX 33 earnings per share (EPS) for the quarter. Oxford Instruments had a net margin of 10.78% and a return on equity of 14.14%. On average, research analysts expect that Oxford Instruments plc will post 117.7149452 EPS for the current fiscal year.

About Oxford Instruments