Brokerages Set Oxford Instruments plc (LON:OXIG) Target Price at GBX 2,781.67

Shares of Oxford Instruments plc (LON:OXIG) have been given an average rating of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 2,781.67.

Several analysts have recently issued reports on OXIG shares. JPMorgan Chase & Co. upped their target price on shares of Oxford Instruments from GBX 3,000 to GBX 3,200 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Berenberg Bank lifted their price target on Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the stock a “hold” rating in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 2,590 price objective on shares of Oxford Instruments in a research report on Wednesday, June 10th.

Oxford Instruments Price Performance

Oxford Instruments stock opened at GBX 3,022.66 on Friday. The company has a market cap of £1.67 billion, a price-to-earnings ratio of 36.11, a PEG ratio of -3.56 and a beta of 1.11. The firm’s fifty day moving average is GBX 2,985.13 and its 200 day moving average is GBX 2,725.11. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 13.08. Oxford Instruments has a 52-week low of GBX 1,682 and a 52-week high of GBX 3,318.

Oxford Instruments (LON:OXIG) last released its quarterly earnings data on Tuesday, June 9th. The company reported GBX 100.70 EPS for the quarter. Oxford Instruments had a net margin of 11.39% and a return on equity of 13.94%. The business had revenue of £423.20 million during the quarter. Sell-side analysts forecast that Oxford Instruments will post 117.7149452 EPS for the current fiscal year.

About Oxford Instruments