Oxford Instruments (LON:OXIG) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Oxford Instruments plc (LON:OXIG) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,289.10 and traded as high as GBX 2,938. Oxford Instruments shares last traded at GBX 2,860, with a volume of 339,266 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on OXIG shares. Jefferies Financial Group restated a “hold” rating and set a GBX 2,590 price target on shares of Oxford Instruments in a report on Wednesday, April 15th. Shore Capital Group restated a “buy” rating and set a GBX 2,600 price target on shares of Oxford Instruments in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Finally, Berenberg Bank raised their price target on shares of Oxford Instruments from GBX 2,400 to GBX 2,700 and gave the stock a “buy” rating in a report on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,631.67.

Oxford Instruments Trading Up 2.4%

The company has a market cap of £1.58 billion, a price-to-earnings ratio of 120.68, a P/E/G ratio of -3.56 and a beta of 1.00. 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’s 50-day moving average price is GBX 2,602.79 and its 200 day moving average price is GBX 2,289.10.

Oxford Instruments Company Profile