Oxford Instruments (LON:OXIG) Hits New 1-Year High – Still a Buy?

Oxford Instruments plc (LON:OXIG)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 3,330.61 and last traded at GBX 3,086, with a volume of 807122 shares trading hands. The stock had previously closed at GBX 3,062.

Analysts Set New Price Targets

Several equities analysts recently weighed in on OXIG shares. Berenberg Bank lifted their target price on shares of Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the company a “hold” rating in a report on Monday, May 18th. Jefferies Financial Group restated a “hold” rating and set a GBX 2,590 target price on shares of Oxford Instruments in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the company a “buy” rating in a report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Oxford Instruments from GBX 3,000 to GBX 3,200 and gave the company an “overweight” rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Oxford Instruments presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,781.67.

Oxford Instruments Trading Down 1.3%

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 business’s 50-day simple moving average is GBX 2,881.66 and its two-hundred day simple moving average is GBX 2,523.05. The company has a market capitalization of £1.55 billion, a PE ratio of 118.40, a PEG ratio of -3.56 and a beta of 1.05.

Oxford Instruments (LON:OXIG) last posted its quarterly earnings data on Tuesday, June 9th. The company reported GBX 100.70 earnings per share for the quarter. The company 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%. On average, analysts predict that Oxford Instruments plc will post 117.7149452 earnings per share for the current year.

Oxford Instruments Company Profile