Oxford Instruments (LON:OXIG) Sets New 12-Month High – Here’s Why

Oxford Instruments plc (LON:OXIG)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 2,695 and last traded at GBX 2,645, with a volume of 45965 shares trading hands. The stock had previously closed at GBX 2,640.

Wall Street Analyst Weigh In

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

Oxford Instruments Price Performance

The stock has a market cap of £1.49 billion, a price-to-earnings ratio of 112.19, a price-to-earnings-growth ratio of -3.56 and a beta of 1.02. The company has a debt-to-equity ratio of 16.08, a quick ratio of 1.11 and a current ratio of 1.77. The company has a 50-day simple moving average of GBX 2,397.83 and a two-hundred day simple moving average of GBX 2,088.76.

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