Oxford Instruments (LON:OXIG) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Oxford Instruments plc (LON:OXIG) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,139.26 and traded as high as GBX 2,515. Oxford Instruments shares last traded at GBX 2,475, with a volume of 124,830 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on OXIG shares. Deutsche Bank Aktiengesellschaft increased their target price on Oxford Instruments from GBX 2,435 to GBX 2,675 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Shore Capital Group restated a “buy” rating and set a GBX 2,600 price target on shares of Oxford Instruments in a research note on Thursday, January 15th. JPMorgan Chase & Co. raised their price objective on Oxford Instruments from GBX 2,500 to GBX 2,600 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Finally, Berenberg Bank lifted their price objective on Oxford Instruments from GBX 2,400 to GBX 2,700 and gave the company a “buy” rating in a research note on Thursday, January 15th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Oxford Instruments presently has an average rating of “Buy” and a consensus target price of GBX 2,595.

Oxford Instruments Stock Performance

The company’s 50-day moving average is GBX 2,494.64 and its 200 day moving average is GBX 2,139.26. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 16.08. The firm has a market cap of £1.38 billion, a PE ratio of 104.43, a P/E/G ratio of -3.56 and a beta of 1.02.

Oxford Instruments Company Profile