Berenberg Bank Cuts Oxford Instruments (LON:OXIG) Price Target to GBX 2,500

Oxford Instruments (LON:OXIG) had its target price lowered by Berenberg Bank from GBX 2,600 ($34.89) to GBX 2,500 ($33.55) in a report issued on Monday, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

Oxford Instruments Stock Performance

Shares of LON OXIG opened at GBX 1,984 ($26.62) on Monday. The stock has a fifty day moving average price of GBX 1,869.52 and a two-hundred day moving average price of GBX 1,879.40. The company has a debt-to-equity ratio of 12.96, a quick ratio of 1.11 and a current ratio of 1.64. The firm has a market cap of £1.15 billion, a P/E ratio of 22.54, a PEG ratio of -3.56 and a beta of 0.96. Oxford Instruments has a 1 year low of GBX 1,470 ($19.73) and a 1 year high of GBX 2,600 ($34.89).

Oxford Instruments (LON:OXIG) last issued its quarterly earnings data on Friday, June 13th. The company reported GBX 112.40 ($1.51) earnings per share (EPS) for the quarter. Oxford Instruments had a net margin of 10.78% and a return on equity of 14.14%. Research analysts forecast that Oxford Instruments will post 117.7149452 EPS for the current fiscal year.

Insider Transactions at Oxford Instruments

In other Oxford Instruments news, insider Richard Tyson purchased 3,902 shares of the business’s stock in a transaction on Wednesday, July 2nd. The shares were bought at an average cost of GBX 1,922 ($25.79) per share, for a total transaction of £74,996.44 ($100,639.35). Insiders have bought 7,927 shares of company stock worth $15,043,429 in the last 90 days. 4.98% of the stock is owned by corporate insiders.

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.