Oxford Instruments (LON:OXIG) Price Target Cut to GBX 2,400 by Analysts at Berenberg Bank

Key Points

• Berenberg Bank has cut its price target for Oxford Instruments from GBX 2,500 to GBX 2,400, while still maintaining a "buy" rating, indicating a potential upside of 32.01% from the current stock price.
• Other analysts, including JPMorgan Chase & Co. and Deutsche Bank, have also lowered their price objectives for the stock, but the overall consensus remains a "Buy" rating with an average price target of GBX 2,467.
• The stock's recent performance saw it trading at GBX 1,818, significantly below its 12-month high of GBX 2,224.13, illustrating volatility in its market value.

Oxford Instruments (LON:OXIG - Get Free Report) had its price target dropped by Berenberg Bank from GBX 2,500 to GBX 2,400 in a research note issued on Wednesday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's target price indicates a potential upside of 32.01% from the stock's current price.

A number of other analysts also recently commented on OXIG. JPMorgan Chase & Co. reduced their price objective on Oxford Instruments from GBX 2,700 to GBX 2,500 and set an "overweight" rating for the company in a research report on Tuesday. Peel Hunt reiterated a "buy" rating and issued a GBX 2,400 price objective on shares of Oxford Instruments in a research report on Monday. Deutsche Bank Aktiengesellschaft reduced their price objective on Oxford Instruments from GBX 2,550 to GBX 2,435 and set a "buy" rating for the company in a research report on Monday. Finally, Shore Capital reiterated a "buy" rating and issued a GBX 2,600 price objective on shares of Oxford Instruments in a research report on Monday. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of GBX 2,467.

Oxford Instruments Stock Performance

LON:OXIG traded up GBX 36 during mid-day trading on Wednesday, hitting GBX 1,818. 139,782 shares of the company's stock traded hands, compared to its average volume of 203,550. The firm has a 50 day moving average of GBX 1,858.25 and a two-hundred day moving average of GBX 1,822.99. Oxford Instruments has a 12 month low of GBX 1,470 and a 12 month high of GBX 2,224.13. The firm has a market capitalization of £1.03 billion, a price-to-earnings ratio of 4,103.84, a price-to-earnings-growth 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.

Insider Activity

In other Oxford Instruments news, insider Paul Fry bought 98 shares of Oxford Instruments stock in a transaction on Wednesday, September 10th. The shares were purchased at an average cost of GBX 1,824 per share, for a total transaction of £1,787.52. Also, insider Richard Tyson bought 7,479 shares of Oxford Instruments stock in a transaction on Thursday, July 24th. The shares were acquired at an average price of GBX 1,942 per share, for a total transaction of £145,242.18. Over the last quarter, insiders have acquired 7,652 shares of company stock worth $14,839,734. Corporate 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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