Oxford Instruments (LON:OXIG) Price Target Raised to GBX 3,400

Oxford Instruments (LON:OXIG) had its target price increased by JPMorgan Chase & Co. from GBX 3,200 to GBX 3,400 in a report issued on Thursday morning, MarketBeat reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

OXIG has been the subject of several other reports. Berenberg Bank lifted their price target on shares of Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the company a “hold” rating in a research note on Monday, May 18th. Jefferies Financial Group reissued a “hold” rating and set a GBX 2,590 price objective on shares of Oxford Instruments in a research report on Wednesday, June 10th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Oxford Instruments presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,883.33.

Oxford Instruments Stock Up 1.5%

Oxford Instruments stock opened at GBX 2,760.20 on Thursday. The company has a debt-to-equity ratio of 13.08, a current ratio of 1.83 and a quick ratio of 1.11. Oxford Instruments has a fifty-two week low of GBX 1,682 and a fifty-two week high of GBX 3,318. The company’s 50-day moving average is GBX 2,839.33 and its 200-day moving average is GBX 2,814.99. The firm has a market capitalization of £1.52 billion, a PE ratio of 32.98, a P/E/G ratio of -3.56 and a beta of 1.09.

Insiders Place Their Bets

In related news, insider Richard Tyson sold 11,124 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of GBX 2,786, for a total value of £309,914.64. Also, insider Paul Fry purchased 2,335 shares of Oxford Instruments stock in a transaction that occurred on Friday, July 24th. The stock was acquired at an average cost of GBX 3,044 per share, with a total value of £71,077.40. 1.55% of the stock is owned by company insiders.

Oxford Instruments Company Profile