Oxford Instruments (LON:OXIG) Given New GBX 3,400 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised Oxford Instruments’ price target from GBX 3,200 to GBX 3,400 and maintained an “overweight” rating, implying 23.73% potential upside from the previous close.
• Analyst sentiment is broadly positive: four analysts rate the stock a Buy and two rate it Hold, producing a “Moderate Buy” consensus and average target price of GBX 2,815.
• Oxford Instruments reported quarterly EPS of GBX 100.70 and revenue of £423.20 million; shares opened at GBX 2,748, down 0.9%, while recent insider activity included both a significant sale and purchase.

Oxford Instruments (LON:OXIG - Get Free Report) had its target price raised by research analysts at JPMorgan Chase & Co. from GBX 3,200 to GBX 3,400 in a research report issued on Thursday, London Stock Exchange reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 23.73% from the company's previous close.

Several other brokerages have also issued reports on OXIG. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 2,590 price objective on shares of Oxford Instruments in a report on Wednesday, June 10th. Berenberg Bank boosted their target price on Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the company a "hold" rating in a report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Oxford Instruments presently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,815.

Oxford Instruments Trading Down 0.9%

Shares of Oxford Instruments stock opened at GBX 2,748 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 company has a fifty day simple moving average of GBX 2,853.53 and a 200-day simple moving average of GBX 2,814.77. The stock has a market cap of £1.51 billion, a price-to-earnings ratio of 32.83, a PEG ratio of -3.56 and a beta of 1.09. Oxford Instruments has a 12-month low of GBX 1,682 and a 12-month high of GBX 3,318.

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

Insider Activity at Oxford Instruments

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

Oxford Instruments Company Profile

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