Oxford Instruments (LON:OXIG) Stock Passes Above 200 Day Moving Average - Here's Why

Key Points

• Oxford Instruments shares climbed above their 200-day moving average (GBX 2,317.33), trading as high as GBX 2,922 and last at GBX 2,913.77 on volume of 141,581 shares.
• Analysts are broadly positive with five Buys and one Hold, a consensus rating of Moderate Buy and an average target price of GBX 2,631.67, while recent upgrades include Deutsche Bank (GBX 2,900) and Berenberg (GBX 2,700).
• Key fundamentals show a market cap of £1.63 billion, a high P/E of 123.92, a quick ratio of 1.11 and debt-to-equity of 16.08, indicating limited leverage but elevated valuation.

Oxford Instruments plc (LON:OXIG - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,317.33 and traded as high as GBX 2,922. Oxford Instruments shares last traded at GBX 2,913.77, with a volume of 141,581 shares.

Analysts Set New Price Targets

Several analysts recently commented on OXIG shares. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 2,590 price objective on shares of Oxford Instruments in a report on Wednesday, April 15th. Berenberg Bank lifted their price objective on Oxford Instruments from GBX 2,400 to GBX 2,700 and gave the stock a "buy" rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the stock a "buy" rating in a report on Wednesday, April 15th. Finally, Shore Capital Group reaffirmed a "buy" rating and issued a GBX 2,600 price objective on shares of Oxford Instruments in a report on Thursday, January 15th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,631.67.

Oxford Instruments Stock Up 0.8%

The company has a fifty day simple moving average of GBX 2,620.95 and a 200-day simple moving average of GBX 2,317.33. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 16.08. The firm has a market cap of £1.63 billion, a P/E ratio of 123.92, a price-to-earnings-growth ratio of -3.56 and a beta of 1.00.

About Oxford Instruments

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