JPMorgan Chase & Co. Issues Pessimistic Forecast for Oxford Instruments (LON:OXIG) Stock Price

Key Points

• JPMorgan Chase & Co. has lowered its target price for Oxford Instruments from GBX 2,700 to GBX 2,500, while maintaining an "overweight" rating, indicating a potential upside of 39.04% from the previous close.
• Multiple analysts have rated Oxford Instruments, with Berenberg Bank and others also setting price targets at GBX 2,500, while five analysts overall have rated the stock as a "Buy."
• Despite the analysis, shares of Oxford Instruments opened at GBX 1,798, reflecting a 1.7% decrease in trading amidst a year range between GBX 1,470 and GBX 2,224.13.

Oxford Instruments (LON:OXIG - Get Free Report) had its target price lowered by investment analysts at JPMorgan Chase & Co. from GBX 2,700 to GBX 2,500 in a report issued on Tuesday,London Stock Exchange reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 39.04% from the company's previous close.

Other research analysts have also issued research reports about the stock. Berenberg Bank dropped their price objective on shares of Oxford Instruments from GBX 2,600 to GBX 2,500 and set a "buy" rating on the stock in a research note on Monday, July 14th. Shore Capital reiterated a "buy" rating and issued a GBX 2,600 price objective on shares of Oxford Instruments in a research note on Monday. Finally, Peel Hunt reiterated a "buy" rating and issued a GBX 2,400 price objective 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 presently has a consensus rating of "Buy" and a consensus price target of GBX 2,487.

Oxford Instruments Trading Down 1.7%

Shares of LON OXIG opened at GBX 1,798 on Tuesday. Oxford Instruments has a one year low of GBX 1,470 and a one year high of GBX 2,224.13. The firm has a market capitalization of £1.02 billion, a PE ratio of 4,058.69, a PEG ratio of -3.56 and a beta of 0.96. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 12.96. The business has a 50-day moving average price of GBX 1,858.46 and a two-hundred day moving average price of GBX 1,823.28.

Insider Activity

In other news, insider Richard Tyson purchased 66 shares of Oxford Instruments stock in a transaction dated Wednesday, September 10th. The stock was acquired at an average cost of GBX 1,824 per share, for a total transaction of £1,203.84. Also, insider Paul Fry purchased 98 shares of Oxford Instruments stock in a transaction dated Wednesday, September 10th. The shares were purchased at an average price of GBX 1,824 per share, with a total value of £1,787.52. Over the last quarter, insiders have bought 7,652 shares of company stock valued at $14,839,734. 1.43% of the stock is owned by corporate insiders.

Oxford Instruments Company Profile

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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