Oxford Instruments (LON:OXIG) Hits New 1-Year High – Here’s Why

Oxford Instruments plc (LON:OXIG)’s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 2,680 and last traded at GBX 2,655, with a volume of 20609 shares trading hands. The stock had previously closed at GBX 2,630.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Shore Capital Group restated a “buy” rating and set a GBX 2,600 price objective on shares of Oxford Instruments in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Oxford Instruments from GBX 2,435 to GBX 2,675 and gave the company a “buy” rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. lifted their price target on shares of Oxford Instruments from GBX 2,500 to GBX 2,600 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Finally, Berenberg Bank boosted their price objective on Oxford Instruments from GBX 2,400 to GBX 2,700 and gave the stock a “buy” rating in a report on Thursday, January 15th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 2,595.

Oxford Instruments Stock Performance

The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 12.96. The firm has a market capitalization of £1.48 billion, a PE ratio of 111.60, a PEG ratio of -3.56 and a beta of 0.96. The firm’s fifty day moving average price is GBX 2,354.58 and its 200 day moving average price is GBX 2,064.77.

About Oxford Instruments