Oxford Instruments (LON:OXIG) Sets New 1-Year High - Here's What Happened

Key Points

• Oxford Instruments shares hit a new 52-week high, trading as high as GBX 2,794 and last at GBX 2,792 on volume of 271,976 shares (previous close GBX 2,650).
• Analysts are broadly positive: Deutsche Bank and Berenberg raised price targets to GBX 2,675 and GBX 2,700 respectively, Shore Capital reiterated a GBX 2,600 target, and the stock has five Buy ratings with a consensus target of GBX 2,595.
• Key financial/valuation metrics include a market cap of £1.55 billion, a P/E of 117.81, 50‑day/200‑day SMAs of GBX 2,543.71/2,226.85, a current ratio of 1.77 and debt‑to‑equity of 16.08.

Oxford Instruments plc (LON:OXIG - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 2,794 and last traded at GBX 2,792, with a volume of 271976 shares changing hands. The stock had previously closed at GBX 2,650.

Analyst Ratings Changes

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Oxford Instruments from GBX 2,435 to GBX 2,675 and gave the company a "buy" rating in a report on Thursday, January 15th. Shore Capital Group reiterated a "buy" rating and set a GBX 2,600 price objective on shares of Oxford Instruments in a report on Thursday, January 15th. Finally, Berenberg Bank increased their price objective on Oxford Instruments from GBX 2,400 to GBX 2,700 and gave the company a "buy" rating in a report on Thursday, January 15th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of GBX 2,595.

Oxford Instruments Price Performance

The firm has a 50-day simple moving average of GBX 2,543.71 and a two-hundred day simple moving average of GBX 2,226.85. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 16.08. The company has a market capitalization of £1.55 billion, a price-to-earnings ratio of 117.81, a P/E/G ratio of -3.56 and a beta of 1.02.

About Oxford Instruments

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