Oxford Instruments (LON:OXIG) Price Target Lowered to GBX 2,500 at Berenberg Bank

Oxford Instruments (LON:OXIG - Get Free Report) had its price target reduced by analysts at Berenberg Bank from GBX 2,600 ($34.91) to GBX 2,500 ($33.57) in a research note issued on Monday,Digital Look reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's target price indicates a potential upside of 23.59% from the company's previous close.

Oxford Instruments Stock Up 0.9%

Shares of LON:OXIG traded up GBX 17.85 ($0.24) during trading on Monday, hitting GBX 2,022.85 ($27.16). The stock had a trading volume of 560,420 shares, compared to its average volume of 217,539. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 12.96. The company has a market capitalization of £1.17 billion, a PE ratio of 22.98, a PEG ratio of -3.56 and a beta of 0.96. The firm's fifty day moving average is GBX 1,852.74 and its 200 day moving average is GBX 1,878.45. Oxford Instruments has a 12 month low of GBX 1,470 ($19.74) and a 12 month high of GBX 2,600 ($34.91).

Oxford Instruments (LON:OXIG - Get Free Report) last issued its earnings results on Friday, June 13th. The company reported GBX 112.40 ($1.51) EPS for the quarter. Oxford Instruments had a return on equity of 14.14% and a net margin of 10.78%. Analysts anticipate that Oxford Instruments will post 117.7149452 EPS for the current fiscal year.

Insider Buying and Selling at Oxford Instruments

In related news, insider Richard Tyson bought 4,002 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were bought at an average cost of GBX 1,874 ($25.16) per share, with a total value of £74,997.48 ($100,694.79). Over the last quarter, insiders acquired 7,927 shares of company stock worth $15,043,429. 4.98% of the stock is owned by corporate 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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