Oxford Instruments (LON:OXIG) Stock Rating Reaffirmed as “Hold” by Jefferies Financial Group

Oxford Instruments (LON:OXIG)‘s stock had its “hold” rating restated by stock analysts at Jefferies Financial Group in a note issued to investors on Wednesday, October 14th, Digital Look reports. They presently have a GBX 3,000 price target on the stock. Jefferies Financial Group’s price target suggests a potential upside of 13.46% from the company’s previous close.

OXIG has been the topic of several other reports. JPMorgan Chase & Co. raised their target price 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. Berenberg Bank reduced their price target on Oxford Instruments from GBX 3,000 to GBX 2,840 and set a “hold” rating for the company in a research report on Wednesday, October 14th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,948.

Oxford Instruments Stock Performance

Shares of LON:OXIG traded down GBX 4 during trading hours on Wednesday, hitting GBX 2,644. The stock had a trading volume of 198,982 shares, compared to its average volume of 1,018,966. The stock’s fifty day simple moving average is GBX 2,847.48 and its 200 day simple moving average is GBX 2,883.76. The firm has a market capitalization of £1.45 billion, a price-to-earnings ratio of 31.59, a PEG ratio of -3.56 and a beta of 1.09. The company has a debt-to-equity ratio of 13.08, a quick ratio of 1.11 and a current ratio of 1.83. Oxford Instruments has a 1-year low of GBX 1,776 and a 1-year high of GBX 3,318.

Insider Activity at Oxford Instruments

In other news, insider Richard Tyson bought 65 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was purchased at an average cost 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 on Thursday, September 10th. The shares were purchased at an average cost of GBX 2,731 per share, with a total value of £1,802.46. In the last three months, insiders have purchased 5,620 shares of company stock worth $17,066,277. 1.56% of the stock is owned by corporate insiders.

About Oxford Instruments