Oxford Instruments (LON:OXIG) Reaches New 12-Month High – Time to Buy?

Oxford Instruments plc (LON:OXIG) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 2,695 and last traded at GBX 2,645, with a volume of 45965 shares traded. The stock had previously closed at GBX 2,640.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Berenberg Bank increased their price objective on shares of Oxford Instruments from GBX 2,400 to GBX 2,700 and gave the company a “buy” rating in a report on Thursday, January 15th. Shore Capital Group restated a “buy” rating and issued a GBX 2,600 price target on shares of Oxford Instruments in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of 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. Finally, JPMorgan Chase & Co. increased their price target 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. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Oxford Instruments has a consensus rating of “Buy” and an average price target of GBX 2,595.

Oxford Instruments Trading Up 0.2%

The stock has a 50-day simple moving average of GBX 2,376.18 and a 200 day simple moving average of GBX 2,077.64. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 12.96. The company has a market cap of £1.48 billion, a price-to-earnings ratio of 111.60, a PEG ratio of -3.56 and a beta of 0.96.

About Oxford Instruments