Oxford Instruments plc (LON:OXIG) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate Oxford Instruments “Moderate Buy”: Four of six brokerages recommend buying the stock, while two assign hold ratings. The average 12-month price target is GBX 2,781.67.
• Recent broker actions were mixed but generally positive, with JPMorgan raising its target to GBX 3,200 and assigning an overweight rating, while Berenberg and Jefferies maintained hold recommendations.
• Shares opened at GBX 2,910, down 1.4%, while the company reported quarterly EPS of GBX 100.70 on revenue of £423.20 million. Insider activity included a £71,077 purchase and a £309,915 sale.

Shares of Oxford Instruments plc (LON:OXIG - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 2,781.67.

A number of research analysts have weighed in on OXIG shares. Berenberg Bank upped their target price on Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the stock a "hold" rating in a report on Monday, May 18th. JPMorgan Chase & Co. raised their target price on Oxford Instruments from GBX 3,000 to GBX 3,200 and gave the company an "overweight" rating in a research note on Wednesday, June 10th. Finally, Jefferies Financial Group restated a "hold" rating and set a GBX 2,590 price target on shares of Oxford Instruments in a research report on Wednesday, June 10th.

Oxford Instruments Trading Down 1.4%

Shares of OXIG opened at GBX 2,910 on Tuesday. Oxford Instruments has a 1-year low of GBX 1,682 and a 1-year high of GBX 3,318. 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's 50-day moving average price is GBX 2,906.55 and its 200-day moving average price is GBX 2,786.23. The firm has a market capitalization of £1.60 billion, a price-to-earnings ratio of 34.77, a PEG ratio of -3.56 and a beta of 1.09.

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

Insider Buying and Selling at Oxford Instruments

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

Oxford Instruments Company Profile

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