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 trimmed by Shore Capital from GBX 2,800 ($37.18) to GBX 2,600 ($34.52) in a research note released on Thursday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Separately, Berenberg Bank lowered their price objective on shares of Oxford Instruments from GBX 2,600 ($34.52) to GBX 2,500 ($33.20) and set a "buy" rating for the company in a research report on Monday, July 14th.

Oxford Instruments Price Performance

OXIG stock traded up GBX 5.34 ($0.07) during mid-day trading on Thursday, reaching GBX 1,793.34 ($23.81). The company's stock had a trading volume of 302,814 shares, compared to its average volume of 207,368. The stock has a market cap of £1.04 billion, a PE ratio of 20.37, 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 fifty-two week low of GBX 1,470 ($19.52) and a fifty-two week high of GBX 2,375 ($31.54). The company's 50 day moving average is GBX 1,882.97 and its two-hundred day moving average is GBX 1,863.47.

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

Insider Activity

In related news, insider Richard Tyson purchased 7,479 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The shares were purchased at an average cost of GBX 1,942 ($25.79) per share, for a total transaction of £145,242.18 ($192,859.09). Over the last three months, insiders have acquired 15,406 shares of company stock worth $29,567,647. 4.98% of the stock is currently owned by insiders.

About Oxford Instruments

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.