Oxford Instruments (LON:OXIG) Shares Pass Above 200 Day Moving Average – Time to Sell?

Oxford Instruments plc (LON:OXIG) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,217.24 and traded as high as GBX 2,670. Oxford Instruments shares last traded at GBX 2,642, with a volume of 327,647 shares changing hands.

Wall Street Analysts Forecast Growth

OXIG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Oxford Instruments from GBX 2,435 to GBX 2,675 and gave the company a “buy” rating in a research report on Thursday, January 15th. Berenberg Bank lifted their price target on Oxford Instruments from GBX 2,400 to GBX 2,700 and gave the company a “buy” rating in a research report on Thursday, January 15th. Finally, Shore Capital Group restated a “buy” rating and issued a GBX 2,600 target price on shares of Oxford Instruments in a research report on Thursday, January 15th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 2,595.

Oxford Instruments Stock Performance

The company has a debt-to-equity ratio of 16.08, a current ratio of 1.77 and a quick ratio of 1.11. The company has a market capitalization of £1.46 billion, a PE ratio of 111.48, a PEG ratio of -3.56 and a beta of 1.02. The company has a 50 day moving average of GBX 2,540.91 and a two-hundred day moving average of GBX 2,217.24.

Oxford Instruments Company Profile