Oxford Instruments (LON:OXIG) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of Oxford Instruments plc (LON:OXIG) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,187.79 and traded as high as GBX 2,500. Oxford Instruments shares last traded at GBX 2,500, with a volume of 133,054 shares traded.

Analysts Set New Price Targets

OXIG has been the topic of a number of recent analyst reports. Shore Capital Group reissued a “buy” rating and issued a GBX 2,600 price objective on shares of Oxford Instruments in a research note on Thursday, January 15th. Berenberg Bank boosted their price target 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. Deutsche Bank Aktiengesellschaft increased their price target on Oxford Instruments from GBX 2,435 to GBX 2,675 and gave the stock a “buy” rating in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Oxford Instruments from GBX 2,500 to GBX 2,600 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 2,595.

Oxford Instruments Stock Down 0.2%

The stock has a market cap of £1.40 billion, a price-to-earnings ratio of 105.49, a price-to-earnings-growth ratio of -3.56 and a beta of 1.02. The firm’s fifty day moving average price is GBX 2,536.47 and its two-hundred day moving average price is GBX 2,187.79. The company has a debt-to-equity ratio of 16.08, a current ratio of 1.77 and a quick ratio of 1.11.

Oxford Instruments Company Profile