Deutsche Bank Aktiengesellschaft Cuts Oxford Instruments (LON:OXIG) Price Target to GBX 2,435

Key Points

• Deutsche Bank Aktiengesellschaft has lowered its price target for Oxford Instruments from GBX 2,550 to GBX 2,435, while maintaining a "buy" rating.
• Other analysts have also reduced their price targets for Oxford Instruments, with Berenberg Bank setting a target of GBX 2,500 and JPMorgan Chase lowering it to GBX 2,500 as well.
• Despite the price target reductions, the consensus rating for Oxford Instruments remains a "buy," with an average target price of GBX 2,487.

Oxford Instruments (LON:OXIG - Get Free Report) had its price target dropped by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 2,550 to GBX 2,435 in a report released on Monday,London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective suggests a potential upside of 35.43% from the company's previous close.

OXIG has been the subject of a number of other reports. Berenberg Bank cut their price objective on shares of Oxford Instruments from GBX 2,600 to GBX 2,500 and set a "buy" rating for the company in a research report on Monday, July 14th. Peel Hunt restated a "buy" rating and issued a GBX 2,400 price objective on shares of Oxford Instruments in a report on Monday. JPMorgan Chase & Co. lowered their price objective on shares of Oxford Instruments from GBX 2,700 to GBX 2,500 and set an "overweight" rating for the company in a report on Tuesday. Finally, Shore Capital reaffirmed a "buy" rating and issued a GBX 2,600 target price on shares of Oxford Instruments in a research note on Monday. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Oxford Instruments has an average rating of "Buy" and a consensus target price of GBX 2,487.

Oxford Instruments Stock Performance

LON OXIG opened at GBX 1,798 on Monday. Oxford Instruments has a 52-week low of GBX 1,470 and a 52-week high of GBX 2,224.13. The company has a 50-day simple moving average of GBX 1,858.46 and a 200 day simple moving average of GBX 1,823.28. The company has a debt-to-equity ratio of 12.96, a quick ratio of 1.11 and a current ratio of 1.64. The company has a market capitalization of £1.02 billion, a PE ratio of 4,058.69, a price-to-earnings-growth ratio of -3.56 and a beta of 0.96.

Insider Activity at Oxford Instruments

In other news, insider Paul Fry bought 98 shares of Oxford Instruments stock in a transaction that occurred on Wednesday, September 10th. The stock was bought at an average cost of GBX 1,824 per share, with a total value of £1,787.52. Also, insider Richard Tyson bought 7,479 shares of Oxford Instruments stock in a transaction that occurred on Thursday, July 24th. The stock was purchased at an average cost of GBX 1,942 per share, with a total value of £145,242.18. Insiders bought a total of 7,652 shares of company stock worth $14,839,734 in the last quarter. Company insiders own 1.43% of the company's stock.

About Oxford Instruments

Oxford Instruments provides academic and commercial organisations worldwide with market-leading scientific technology and expertise across its key market segments: materials analysis, semiconductor, and healthcare & life science. Innovation is the driving force behind Oxford Instruments' growth and success, supporting its core purpose to accelerate the breakthroughs that create a brighter future for our world.

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