Oxford Instruments (LON:OXIG) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Oxford Instruments shares crossed above their 200-day moving average, reaching GBX 3,000 before closing at GBX 2,929.37 on volume of 449,408 shares.
• Analyst sentiment remains positive overall, with four Buy ratings and two Holds producing a “Moderate Buy” consensus. Price targets range from GBX 2,590 to GBX 3,200, with JPMorgan holding the highest target.
• The company reported quarterly earnings of GBX 100.70 per share and revenue of £423.20 million; insiders recently made mixed transactions, including a sale by Richard Tyson and a purchase by Paul Fry.

Oxford Instruments plc (LON:OXIG - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,777.28 and traded as high as GBX 3,000. Oxford Instruments shares last traded at GBX 2,929.37, with a volume of 449,408 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OXIG shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the company a "buy" rating in a research report on Wednesday, April 15th. Berenberg Bank upped their price objective on shares of Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the company a "hold" rating in a research note on Monday, May 18th. Jefferies Financial Group reiterated a "hold" rating and set a GBX 2,590 target price on shares of Oxford Instruments in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. raised their target price on Oxford Instruments from GBX 3,000 to GBX 3,200 and gave the stock an "overweight" rating in a research note on Wednesday, June 10th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 2,781.67.

Oxford Instruments Stock Up 0.1%

The company's fifty day simple moving average is GBX 2,917.67 and its 200 day simple moving average is GBX 2,777.28. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 13.08. The firm has a market capitalization of £1.61 billion, a P/E ratio of 35.00, a price-to-earnings-growth ratio of -3.56 and a beta of 1.09.

Oxford Instruments (LON:OXIG - Get Free Report) last announced its earnings results on Tuesday, June 9th. The company reported GBX 100.70 earnings per share for the quarter. The firm had revenue of £423.20 million for the quarter. Oxford Instruments had a net margin of 11.39% and a return on equity of 13.94%. Research analysts expect that Oxford Instruments plc will post 117.7149452 EPS for the current year.

Insider Buying and Selling

In related news, insider Richard Tyson sold 11,124 shares of the company's stock in a transaction on Friday, July 31st. The stock was sold at an average price of GBX 2,786, for a total value of £309,914.64. Also, insider Paul Fry acquired 2,335 shares of the firm's stock in a transaction on Friday, July 24th. The stock was purchased at an average price of GBX 3,044 per share, with a total value of £71,077.40. Company insiders own 1.50% of the company's stock.

Oxford Instruments Company Profile

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