Jefferies Financial Group Forecasts Strong Price Appreciation for Oxford Instruments (LON:OXIG) Stock

Key Points

• Jefferies raised Oxford Instruments’ price target from GBX 2,590 to GBX 3,000 while maintaining a “hold” rating, implying 9.57% potential upside from the prior close.
• Analyst sentiment is generally positive: MarketBeat reports a “Moderate Buy” consensus, with four Buy ratings and two Holds and an average target price of GBX 2,883.33.
• Oxford Instruments reported quarterly EPS of GBX 100.70 on £423.20 million in revenue; the stock opened at GBX 2,738 and has traded between GBX 1,682 and GBX 3,318 over the past year.

Oxford Instruments (LON:OXIG - Get Free Report) had its target price raised by investment analysts at Jefferies Financial Group from GBX 2,590 to GBX 3,000 in a research report issued on Thursday, London Stock Exchange reports. The firm presently has a "hold" rating on the stock. Jefferies Financial Group's price objective indicates a potential upside of 9.57% from the company's previous close.

Several other equities research analysts have also issued reports on OXIG. Berenberg Bank increased 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. JPMorgan Chase & Co. increased their price target on Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the stock an "overweight" rating in a research report on Thursday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Oxford Instruments presently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,883.33.

Oxford Instruments Stock Performance

Shares of OXIG stock opened at GBX 2,738 on Thursday. The stock has a market cap of £1.50 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of -3.56 and a beta of 1.09. Oxford Instruments has a 52-week low of GBX 1,682 and a 52-week high of GBX 3,318. The business has a 50-day simple moving average of GBX 2,845.97 and a 200-day simple moving average of GBX 2,815.37. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 13.08.

Oxford Instruments (LON:OXIG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 9th. The company reported GBX 100.70 earnings per share (EPS) for the quarter. The company had revenue of £423.20 million during the quarter. Oxford Instruments had a return on equity of 13.94% and a net margin of 11.39%. On average, equities analysts expect that Oxford Instruments will post 117.7149452 EPS for the current year.

Insider Transactions at Oxford Instruments

In other Oxford Instruments news, insider Paul Fry purchased 2,335 shares of the firm's stock in a transaction dated 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. Also, insider Richard Tyson sold 11,124 shares of the business's 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. 1.55% of the stock is owned by corporate insiders.

Oxford Instruments Company Profile

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