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

Oxford Instruments (LON:OXIG)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 3,000 target price on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 2.88% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Berenberg Bank reduced their price objective on Oxford Instruments from GBX 3,000 to GBX 2,840 and set a “hold” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Oxford Instruments presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,948.

Oxford Instruments Price Performance

Shares of LON OXIG traded down GBX 72 during mid-day trading on Wednesday, hitting GBX 2,916. 85,855 shares of the company’s stock traded hands, compared to its average volume of 1,040,201. The company’s 50-day moving average is GBX 2,862.37 and its two-hundred day moving average is GBX 2,872.61. The company has a debt-to-equity ratio of 13.08, a current ratio of 1.83 and a quick ratio of 1.11. The company has a market capitalization of £1.60 billion, a P/E ratio of 34.84, a PEG ratio of -3.56 and a beta of 1.09. Oxford Instruments has a 1 year low of GBX 1,750 and a 1 year high of GBX 3,318.

Insider Activity

In related news, insider Richard Tyson sold 11,124 shares of the stock in a transaction dated 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 acquired 2,335 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was purchased at an average cost of GBX 3,044 per share, with a total value of £71,077.40. Insiders have purchased a total of 5,620 shares of company stock worth $17,066,277 over the last quarter. 1.56% of the stock is currently owned by insiders.

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