Jefferies Financial Group Issues Positive Forecast for Oxford Instruments (LON:OXIG) Stock Price

Oxford Instruments (LON:OXIG) had its price objective hoisted by Jefferies Financial Group from GBX 2,590 to GBX 3,000 in a report published on Thursday,London Stock Exchange reports. They currently have a hold rating on the stock.

A number of other brokerages have also issued reports on OXIG. JPMorgan Chase & Co. raised their target price on Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the stock an “overweight” rating in a research note on Thursday. Berenberg Bank lifted their target price on shares of Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the stock a “hold” rating in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,883.33.

Oxford Instruments Stock Performance

LON:OXIG opened at GBX 2,740 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 13.08. The stock has a 50-day moving average price of GBX 2,845.97 and a 200 day moving average price of GBX 2,815.37. Oxford Instruments has a 12-month low of GBX 1,682 and a 12-month high of GBX 3,318. The stock has a market capitalization of £1.50 billion, a P/E ratio of 32.74, a P/E/G ratio of -3.56 and a beta of 1.09.

Oxford Instruments (LON:OXIG) last posted its earnings results on Tuesday, June 9th. The company reported GBX 100.70 earnings per share for the quarter. The firm had revenue of £423.20 million during the quarter. Oxford Instruments had a net margin of 11.39% and a return on equity of 13.94%. Equities research analysts forecast that Oxford Instruments will post 117.7149452 EPS for the current fiscal year.

Insider Activity

In other news, insider Richard Tyson sold 11,124 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of GBX 2,786, for a total value of £309,914.64. Also, insider Paul Fry bought 2,335 shares of the company’s stock in a transaction on Friday, July 24th. The stock was bought at an average cost of GBX 3,044 per share, with a total value of £71,077.40. Insiders own 1.55% of the company’s stock.

About Oxford Instruments