Oxford Instruments plc (LON:OXIG) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Oxford Instruments has a “Moderate Buy” consensus rating from six analysts: four rate the stock a buy and two recommend holding it. The average 12-month price target is GBX 2,883.33.
• Recent analyst updates were broadly positive, with JPMorgan raising its target to GBX 3,400 and maintaining an “overweight” rating, while Jefferies and Berenberg lifted targets to GBX 3,000 but retained “hold” ratings.
• The stock opened at GBX 2,760.20, with a £1.52 billion market capitalization and a one-year trading range of GBX 1,682 to GBX 3,318. Oxford Instruments reported quarterly earnings of GBX 100.70 per share on revenue of £423.20 million.

Oxford Instruments plc (LON:OXIG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 2,883.33.

A number of research analysts have commented on OXIG shares. Jefferies Financial Group increased their price objective on Oxford Instruments from GBX 2,590 to GBX 3,000 and gave the company a "hold" rating in a research report on Thursday. JPMorgan Chase & Co. upped their price target on Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the company an "overweight" rating in a research note on Thursday. Finally, Berenberg Bank raised their price target 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.

Oxford Instruments Price Performance

OXIG opened at GBX 2,760.20 on Friday. 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 stock has a market capitalization of £1.52 billion, a P/E ratio of 32.98, a price-to-earnings-growth ratio of -3.56 and a beta of 1.09. The company's 50 day simple moving average is GBX 2,839.33 and its 200-day simple moving average is GBX 2,814.99. Oxford Instruments has a one year low of GBX 1,682 and a one year high of GBX 3,318.

Oxford Instruments (LON:OXIG - Get Free Report) last posted its quarterly earnings data on Tuesday, June 9th. The company reported GBX 100.70 earnings per share 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 during the quarter. Sell-side analysts anticipate that Oxford Instruments will post 117.7149452 earnings per share for the current fiscal year.

Insider Activity

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

About Oxford Instruments

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