Jefferies Financial Group Reaffirms “Hold” Rating for Oxford Instruments (LON:OXIG)

Oxford Instruments (LON:OXIG)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Financial Group in a report issued on Wednesday, Digital Look reports. They presently have a GBX 3,000 price objective on the stock. Jefferies Financial Group’s price target indicates a potential upside of 2.88% from the company’s previous close.

Several other research firms have also recently weighed in on OXIG. Berenberg Bank dropped their price target on shares of Oxford Instruments from GBX 3,000 to GBX 2,840 and set a “hold” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the company an “overweight” rating in a research report on Thursday, September 10th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,948.

Oxford Instruments Price Performance

Shares of Oxford Instruments stock traded down GBX 72 during trading hours on Wednesday, reaching GBX 2,916. 85,855 shares of the company’s stock were exchanged, compared to its average volume of 1,040,201. The business has a fifty day moving average of GBX 2,863.38 and a two-hundred day moving average of GBX 2,875.54. The company has a market capitalization of £1.60 billion, a P/E ratio of 34.84, 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 has a 1 year low of GBX 1,750 and a 1 year high of GBX 3,318.

Insider Activity at Oxford Instruments

In other Oxford Instruments news, insider Richard Tyson sold 11,124 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of GBX 2,786, for a total value of £309,914.64. Also, insider Paul Fry purchased 2,335 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was acquired at an average cost of GBX 3,044 per share, with a total value of £71,077.40. In the last three months, insiders bought 5,620 shares of company stock valued at $17,066,277. Insiders own 1.56% of the company’s stock.

Oxford Instruments Company Profile