Oxford Instruments (LON:OXIG) Hits New 52-Week High – What’s Next?

Oxford Instruments plc (LON:OXIG) reached a new 52-week high on Wednesday . The stock traded as high as GBX 3,100 and last traded at GBX 2,878, with a volume of 73404 shares changing hands. The stock had previously closed at GBX 2,838.

Analyst Upgrades and Downgrades

Several research firms have commented on OXIG. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,590 target price on shares of Oxford Instruments in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the company a “buy” rating in a report on Wednesday, April 15th. Finally, Berenberg Bank boosted their target price on shares of Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the stock a “hold” rating in a report on Monday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,681.67.

Oxford Instruments Trading Up 1.4%

The company has a debt-to-equity ratio of 16.08, a current ratio of 1.77 and a quick ratio of 1.11. The firm has a market cap of £1.59 billion, a price-to-earnings ratio of 121.43, a price-to-earnings-growth ratio of -3.56 and a beta of 1.05. The firm’s fifty day moving average is GBX 2,683.65 and its 200-day moving average is GBX 2,392.16.

Oxford Instruments Company Profile