Berenberg Bank Issues Positive Forecast for Oxford Instruments (LON:OXIG) Stock Price

Oxford Instruments (LON:OXIG) had its target price increased by Berenberg Bank from GBX 2,400 to GBX 2,700 in a report issued on Thursday, MarketBeat reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on the company. Peel Hunt restated a “buy” rating and set a GBX 2,400 price target on shares of Oxford Instruments in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Oxford Instruments from GBX 2,550 to GBX 2,435 and set a “buy” rating for the company in a research report on Monday, October 13th. JPMorgan Chase & Co. lifted their target price on shares of Oxford Instruments from GBX 2,500 to GBX 2,600 and gave the company an “overweight” rating in a report on Thursday, December 4th. Finally, Shore Capital reissued a “buy” rating and set a GBX 2,600 price target on shares of Oxford Instruments in a report on Thursday. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 2,595.

Oxford Instruments Stock Performance

Shares of LON:OXIG traded up GBX 75 on Thursday, reaching GBX 2,400. The company’s stock had a trading volume of 419,169 shares, compared to its average volume of 274,528. The stock’s 50-day moving average is GBX 2,052.31 and its two-hundred day moving average is GBX 1,941.31. Oxford Instruments has a 52-week low of GBX 1,470 and a 52-week high of GBX 2,410. The company has a debt-to-equity ratio of 12.96, a current ratio of 1.64 and a quick ratio of 1.11. The stock has a market capitalization of £1.35 billion, a P/E ratio of 101.27, a PEG ratio of -3.56 and a beta of 0.96.

Oxford Instruments (LON:OXIG) last released its quarterly earnings results on Tuesday, November 11th. The company reported GBX 33 earnings per share (EPS) for the quarter. Oxford Instruments had a return on equity of 14.14% and a net margin of 10.78%. As a group, sell-side analysts forecast that Oxford Instruments will post 117.7149452 EPS for the current year.

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