Peel Hunt Reiterates Buy Rating for Oxford Instruments (LON:OXIG)

Key Points

• Peel Hunt has reaffirmed its buy rating for Oxford Instruments, setting a target price of GBX 2,400, indicating a potential upside of 33.68% from the current price.
• Other analysts have made varying adjustments to their price targets, with Berenberg Bank lowering its target to GBX 2,500 and Shore Capital to GBX 2,600, while maintaining "buy" ratings.
• In recent insider activity, Richard Tyson purchased 7,479 shares at GBX 1,942 each, reflecting ongoing confidence in the stock.

Oxford Instruments (LON:OXIG - Get Free Report)'s stock had its "buy" rating reissued by analysts at Peel Hunt in a report issued on Monday, Marketbeat reports. They currently have a GBX 2,400 price objective on the stock. Peel Hunt's target price suggests a potential upside of 33.68% from the stock's current price.

Other research analysts also recently issued reports about the company. Berenberg Bank cut their price target on Oxford Instruments from GBX 2,600 to GBX 2,500 and set a "buy" rating for the company in a report on Monday, July 14th. Shore Capital reduced their target price on Oxford Instruments from GBX 2,800 to GBX 2,600 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Oxford Instruments has an average rating of "Buy" and a consensus target price of GBX 1,898.75.

Oxford Instruments Stock Performance

LON:OXIG opened at GBX 1,795.29 on Monday. The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11. The firm has a market cap of £1.02 billion, a PE ratio of 4,052.56, a P/E/G ratio of -3.56 and a beta of 0.96. The firm has a 50 day simple moving average of GBX 1,857.73 and a 200-day simple moving average of GBX 1,822.86. Oxford Instruments has a 1-year low of GBX 1,470 and a 1-year high of GBX 2,224.13.

Insider Activity

In other news, insider Richard Tyson acquired 7,479 shares of Oxford Instruments stock in a transaction dated Thursday, July 24th. The shares were acquired at an average cost of GBX 1,942 per share, with a total value of £145,242.18. Also, insider Paul Fry bought 98 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The shares were acquired at an average cost of GBX 1,824 per share, with a total value of £1,787.52. Insiders bought a total of 7,652 shares of company stock worth $14,839,734 over the last ninety days. Corporate insiders own 1.43% of the company's stock.

Oxford Instruments Company Profile

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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