Insider Buying: Oxford Instruments plc (LON:OXIG) Insider Purchases 5,821 Shares of Stock

Oxford Instruments plc (LON:OXIG) insider Richard Tyson bought 5,821 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was bought at an average price of GBX 2,420 ($31.30) per share, with a total value of £140,868.20 ($182,188.57).

Oxford Instruments Stock Up 1.5 %

Oxford Instruments stock opened at GBX 2,445 ($31.62) on Friday. The company has a market capitalization of £1.42 billion, a P/E ratio of 2,306.60, a P/E/G ratio of -3.56 and a beta of 0.95. The firm’s fifty day simple moving average is GBX 2,502.78 and its 200-day simple moving average is GBX 2,287.03. The company has a current ratio of 1.67, a quick ratio of 1.11 and a debt-to-equity ratio of 16.33. Oxford Instruments plc has a 1-year low of GBX 1,634 ($21.13) and a 1-year high of GBX 2,765 ($35.76).

Oxford Instruments Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Thursday, July 11th will be issued a dividend of GBX 15.90 ($0.21) per share. The ex-dividend date is Thursday, July 11th. This represents a dividend yield of 0.65%. This is an increase from Oxford Instruments’s previous dividend of $4.90. Oxford Instruments’s dividend payout ratio (DPR) is currently 1,886.79%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on OXIG shares. JPMorgan Chase & Co. increased their target price on shares of Oxford Instruments from GBX 2,400 ($31.04) to GBX 2,750 ($35.57) and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,240 ($28.97) target price on shares of Oxford Instruments in a research report on Wednesday, June 12th. Finally, Shore Capital reiterated a “buy” rating on shares of Oxford Instruments in a research report on Thursday, July 11th.

About Oxford Instruments

Oxford Instruments plc designs and supplies technology products and services in Europe, North America, Asia, and internationally. It operates through three segments: Materials & Characterisation, Research & Discovery, and Service & Healthcare. The company offers atomic force, electron, and raman microscopy; deposition and etch tools; low temperature systems; optical imaging; nuclear magnetic resonance, modular optical spectroscopy; and x-ray.