Oxford Instruments (LON:OXIG) Earns Buy Rating from Shore Capital

Key Points

• Oxford Instruments has received a "buy" rating from Shore Capital, with a price target of GBX 2,600, indicating a potential upside of 44.82% from its previous close.
• Despite this positive assessment, shares of Oxford Instruments recently experienced a decline of 9.6%, opening at GBX 1,795.29.
• Insiders have been active in the market, with two individuals purchasing shares at an average price of GBX 1,824, reflecting confidence in the company.

Oxford Instruments (LON:OXIG - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Shore Capital in a report released on Monday,Digital Look reports. They currently have a GBX 2,600 price objective on the stock. Shore Capital's price objective would suggest a potential upside of 44.82% from the company's previous close.

Several other analysts also recently weighed in on OXIG. Berenberg Bank cut their price target on 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. Peel Hunt reissued a "buy" rating and issued a GBX 2,400 target price on shares of Oxford Instruments in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of GBX 1,898.75.

Oxford Instruments Trading Down 9.6%

Shares of OXIG opened at GBX 1,795.29 on Monday. The firm's 50-day moving average price is GBX 1,857.73 and its 200-day moving average price is GBX 1,822.86. 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 firm has a market capitalization of £1.02 billion, a price-to-earnings ratio of 4,052.56, a PEG ratio of -3.56 and a beta of 0.96. Oxford Instruments has a 1-year low of GBX 1,470 and a 1-year high of GBX 2,224.13.

Insider Buying and Selling

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

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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