Oxford Instruments (LON:OXIG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Oxford Instruments (LON:OXIG) had its target price hoisted by research analysts at JPMorgan Chase & Co. from GBX 3,000 to GBX 3,200 in a research note issued on Wednesday,Digital Look reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 10.65% from the stock’s current price.

A number of other analysts have also weighed in on OXIG. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 2,590 price objective on shares of Oxford Instruments in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, Berenberg Bank upped their price objective on shares of Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the company a “hold” rating in a report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Oxford Instruments presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,781.67.

Oxford Instruments Stock Performance

Oxford Instruments stock opened at GBX 2,892 on Wednesday. The company has a 50 day moving average price of GBX 2,871.88 and a 200-day moving average price of GBX 2,516.67. The company has a debt-to-equity ratio of 16.08, a quick ratio of 1.11 and a current ratio of 1.77. Oxford Instruments has a fifty-two week low of GBX 1,682 and a fifty-two week high of GBX 3,318. The company has a market capitalization of £1.60 billion, a PE ratio of 122.03, a P/E/G ratio of -3.56 and a beta of 1.05.

Oxford Instruments (LON:OXIG) last posted its quarterly earnings results on Tuesday, June 9th. The company reported GBX 100.70 earnings per share for the quarter. Oxford Instruments had a net margin of 3.02% and a return on equity of 3.82%. The firm had revenue of £423.20 million during the quarter. As a group, equities analysts forecast that Oxford Instruments will post 117.7149452 earnings per share for the current year.

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