Oxford Instruments (LON:OXIG) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Oxford Instruments plc (LON:OXIG)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,596.18 and traded as high as GBX 3,054. Oxford Instruments shares last traded at GBX 2,928, with a volume of 2,010,667 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Oxford Instruments from GBX 3,000 to GBX 3,200 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Berenberg Bank boosted their target price on Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the stock a “hold” rating in a research note on Monday, May 18th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,590 price target on shares of Oxford Instruments in a research report on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Oxford Instruments presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,781.67.

Oxford Instruments Trading Down 1.4%

The firm’s 50-day moving average price is GBX 2,968.35 and its 200-day moving average price is GBX 2,598.27. The company has a market cap of £1.60 billion, a P/E ratio of 122.19, a price-to-earnings-growth ratio of -3.56 and a beta of 1.09. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 13.08.

Oxford Instruments (LON:OXIG) last released its quarterly earnings data on Tuesday, June 9th. The company reported GBX 100.70 earnings per share for the quarter. Oxford Instruments had a net margin of 11.39% and a return on equity of 13.94%. The business had revenue of £423.20 million during the quarter. As a group, equities research analysts expect that Oxford Instruments plc will post 117.7149452 earnings per share for the current fiscal year.

Oxford Instruments Company Profile