Shore Capital Has Lowered Expectations for Oxford Instruments (LON:OXIG) Stock Price

Key Points

• Shore Capital has lowered its target price for Oxford Instruments from GBX 2,800 to GBX 2,600, while maintaining a "buy" rating, indicating a potential upside of 41.61% from the current price.
• Another firm, Berenberg Bank, has also reduced its price target for Oxford Instruments from GBX 2,600 to GBX 2,500 but still holds a "buy" rating.
• Insider Richard Tyson purchased 7,479 shares of Oxford Instruments, contributing to total insider purchases of 15,406 shares worth over $29 million in the last three months.

Oxford Instruments (LON:OXIG - Free Report) had its target price cut by Shore Capital from GBX 2,800 ($37.16) to GBX 2,600 ($34.51) in a report released on Thursday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank reduced their target price on shares of Oxford Instruments from GBX 2,600 ($34.51) to GBX 2,500 ($33.18) and set a "buy" rating on the stock in a research report on Monday, July 14th.

Oxford Instruments Trading Down 1.5%

Shares of OXIG traded down GBX 28 ($0.37) during mid-day trading on Thursday, reaching GBX 1,788 ($23.73). The company's stock had a trading volume of 97,724 shares, compared to its average volume of 206,723. The stock has a market cap of £1.03 billion, a PE ratio of 20.31, a P/E/G ratio of -3.56 and a beta of 0.96. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 12.96. Oxford Instruments has a 52 week low of GBX 1,470 ($19.51) and a 52 week high of GBX 2,545 ($33.78). The company's fifty day moving average price is GBX 1,882.97 and its two-hundred day moving average price is GBX 1,864.66.

Oxford Instruments (LON:OXIG - Get Free Report) last issued its earnings results on Friday, June 13th. The company reported GBX 112.40 ($1.49) EPS for the quarter. Oxford Instruments had a net margin of 10.78% and a return on equity of 14.14%. On average, analysts predict that Oxford Instruments will post 117.7149452 earnings per share for the current fiscal year.

Insider Transactions at Oxford Instruments

In other news, insider Richard Tyson acquired 7,479 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The shares were bought at an average cost of GBX 1,942 ($25.78) per share, with a total value of £145,242.18 ($192,782.29). In the last quarter, insiders have bought 15,406 shares of company stock valued at $29,567,647. Insiders own 4.98% 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.