Oxford Instruments (LON:OXIG) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Oxford Instruments plc (LON:OXIGGet Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,718.61 and traded as high as GBX 3,050. Oxford Instruments shares last traded at GBX 3,018.62, with a volume of 3,310,278 shares traded.

Analysts Set New Price Targets

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

Read Our Latest Research Report on Oxford Instruments

Oxford Instruments Stock Up 0.1%

The company has a 50-day simple moving average of GBX 2,985.13 and a two-hundred day simple moving average of GBX 2,720.74. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 13.08. The stock has a market cap of £1.67 billion, a P/E ratio of 36.11, a P/E/G ratio of -3.56 and a beta of 1.11.

Oxford Instruments (LON:OXIGGet Free Report) last posted its earnings results on Tuesday, June 9th. The company reported GBX 100.70 earnings per share (EPS) for the quarter. Oxford Instruments had a return on equity of 13.94% and a net margin of 11.39%.The firm had revenue of £423.20 million for the quarter. On average, equities analysts forecast that Oxford Instruments plc will post 117.7149452 EPS for the current year.

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