Oxford Instruments (LON:OXIG) Given “Hold” Rating at Jefferies Financial Group

Oxford Instruments (LON:OXIG)‘s stock had its “hold” rating restated by investment analysts at Jefferies Financial Group in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 3,000 price objective on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 1.90% from the stock’s current price.

OXIG has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their target price on shares of Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. Berenberg Bank decreased their price target on shares of Oxford Instruments from GBX 3,000 to GBX 2,840 and set a “hold” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 2,948.

Oxford Instruments Stock Down 1.5%

Shares of OXIG traded down GBX 44 during mid-day trading on Wednesday, hitting GBX 2,944. 70,791 shares of the company traded hands, compared to its average volume of 1,040,125. Oxford Instruments has a 1-year low of GBX 1,750 and a 1-year high of GBX 3,318. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 13.08. The company has a market capitalization of £1.61 billion, a PE ratio of 35.17, a price-to-earnings-growth ratio of -3.56 and a beta of 1.09. The business has a 50 day moving average of GBX 2,862.37 and a 200 day moving average of GBX 2,872.61.

Insider Activity

In related news, insider Richard Tyson sold 11,124 shares of Oxford Instruments stock in a transaction dated Friday, July 31st. The stock was sold at an average price of GBX 2,786, for a total transaction of £309,914.64. Also, insider Paul Fry bought 2,335 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were purchased at an average cost of GBX 3,044 per share, with a total value of £71,077.40. Over the last 90 days, insiders bought 5,620 shares of company stock valued at $17,066,277. Company insiders own 1.56% of the company’s stock.

Oxford Instruments Company Profile