Oxford Instruments plc (LON:OXIG) Stock Has Average Price Target of GBX 2,883.33

Oxford Instruments plc (LON:OXIG) has earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 2,883.33.

OXIG has been the topic of several recent research reports. Jefferies Financial Group lifted their price target on shares of Oxford Instruments from GBX 2,590 to GBX 3,000 and gave the stock a “hold” rating in a research report on Thursday, September 10th. JPMorgan Chase & Co. increased their price objective on Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the company an “overweight” rating in a research report on Thursday, September 10th.

Insiders Place Their Bets

In related news, insider Richard Tyson purchased 65 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average price of GBX 2,731 per share, for a total transaction of £1,775.15. Also, insider Paul Fry purchased 66 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average price of GBX 2,731 per share, with a total value of £1,802.46. Insiders have bought 5,620 shares of company stock worth $17,066,277 over the last ninety days. 1.56% of the stock is owned by insiders.

Oxford Instruments Stock Up 1.1%

OXIG stock opened at GBX 2,958.30 on Wednesday. Oxford Instruments has a 12 month low of GBX 1,682 and a 12 month high of GBX 3,318. The firm has a market cap of £1.62 billion, a PE ratio of 35.34, a P/E/G ratio of -3.56 and a beta of 1.09. The firm has a 50 day simple moving average of GBX 2,854.62 and a 200 day simple moving average of GBX 2,862.81. The company has a debt-to-equity ratio of 13.08, a current ratio of 1.83 and a quick ratio of 1.11.

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