Insider Buying: Oxford Instruments plc (LON:OXIG) Insider Purchases £152.88 in Stock

Oxford Instruments plc (LON:OXIG) insider Gavin Hill acquired 7 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average cost of GBX 2,184 ($28.56) per share, for a total transaction of £152.88 ($199.92).

Gavin Hill also recently made the following trade(s):

• On Monday, August 12th, Gavin Hill bought 7 shares of Oxford Instruments stock. The shares were purchased at an average cost of GBX 2,413 ($31.55) per share, with a total value of £168.91 ($220.88).
• On Wednesday, August 7th, Gavin Hill sold 25,000 shares of Oxford Instruments stock. The shares were sold at an average price of GBX 2,274 ($29.74), for a total transaction of £568,500 ($743,428.80).

Oxford Instruments Stock Up 1.6 %

OXIG stock opened at GBX 2,205 ($28.83) on Friday. The stock’s 50 day simple moving average is GBX 2,352.96 and its 200 day simple moving average is GBX 2,315.50. The company has a market cap of £1.28 billion, a P/E ratio of 2,563.95, a price-to-earnings-growth ratio of -3.56 and a beta of 0.96. The company has a debt-to-equity ratio of 12.96, a quick ratio of 1.11 and a current ratio of 1.64. Oxford Instruments plc has a fifty-two week low of GBX 1,634 ($21.37) and a fifty-two week high of GBX 2,765 ($36.16).

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Shore Capital reissued a “buy” rating on shares of Oxford Instruments in a research note on Thursday, July 11th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,240 ($29.29) target price on shares of Oxford Instruments in a report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. increased their price target on Oxford Instruments from GBX 2,400 ($31.38) to GBX 2,750 ($35.96) and gave the stock an “overweight” rating in a report on Wednesday, June 12th.

Oxford Instruments Company Profile

Oxford Instruments plc provide scientific technology products and services for academic and commercial organizations worldwide. It operates through three segments: Materials & Characterisation, Research & Discovery, and Service & Healthcare. The company offers atomic force, electron, and Raman microscopy; deposition tools comprising plasma enhanced chemical vapour deposition, chemical vapour deposition, inductively coupled plasma chemical vapour deposition, atomic layer deposition, and ion beam deposition systems; and etch tools, including inductively coupled plasma etching, reactive ion etching, deep silicon etching, atomic layer etching, and ion beam etching systems.