Jefferies Financial Group Reiterates "Hold" Rating for Oxford Instruments (LON:OXIG)

Key Points

• Jefferies reissued a "Hold" rating on Oxford Instruments with a GBX 2,590 target price, implying an ~8.16% downside from the stock's previous close.
• Analyst consensus leans positive—five Buys and one Hold—giving a "Moderate Buy" consensus and a consensus price target of GBX 2,631.67, with several brokers recently lifting targets into the GBX 2,600–2,900 range.
• Shares are trading near their one-year high (opened GBX 2,820), the company has a market cap of £1.56bn and a high P/E of ~119, indicating a relatively rich valuation.

Oxford Instruments (LON:OXIG - Get Free Report)'s stock had its "hold" rating reissued by research analysts at Jefferies Financial Group in a research note issued on Wednesday,London Stock Exchange reports. They presently have a GBX 2,590 target price on the stock. Jefferies Financial Group's price objective indicates a potential downside of 8.16% from the stock's previous close.

Other analysts have also issued reports about the company. Berenberg Bank increased their target price on Oxford Instruments from GBX 2,400 to GBX 2,700 and gave the stock a "buy" rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft increased their target price on Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the stock a "buy" rating in a report on Wednesday. Finally, Shore Capital Group reissued a "buy" rating and set a GBX 2,600 target price on shares of Oxford Instruments in a report on Thursday, January 15th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Oxford Instruments has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,631.67.

Oxford Instruments Stock Performance

Shares of LON OXIG opened at GBX 2,820 on Wednesday. The company has a debt-to-equity ratio of 16.08, a current ratio of 1.77 and a quick ratio of 1.11. The stock's fifty day moving average price is GBX 2,550.15 and its two-hundred day moving average price is GBX 2,233.39. Oxford Instruments has a one year low of GBX 1,584 and a one year high of GBX 2,824. The firm has a market cap of £1.56 billion, a price-to-earnings ratio of 118.99, a P/E/G ratio of -3.56 and a beta of 1.02.

Oxford Instruments Company Profile

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