Berenberg Bank Raises Oxford Instruments (LON:OXIG) Price Target to GBX 1,485

Oxford Instruments (LON:OXIG) had its price target raised by Berenberg Bank from GBX 1,215 ($14.95) to GBX 1,485 ($18.27) in a report issued on Thursday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.

OXIG has been the topic of several other research reports. Jefferies Financial Group reduced their price objective on shares of Oxford Instruments from GBX 1,395 ($17.17) to GBX 1,360 ($16.74) and set a hold rating on the stock in a research note on Monday, June 1st. Shore Capital reissued a buy rating on shares of Oxford Instruments in a research note on Tuesday, June 9th. Peel Hunt reissued a buy rating and set a GBX 1,400 ($17.23) price objective on shares of Oxford Instruments in a research note on Tuesday, June 9th. Peel Hunt upped their price objective on shares of Oxford Instruments from GBX 1,200 ($14.77) to GBX 1,400 ($17.23) and gave the company a buy rating in a research note on Tuesday, June 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Oxford Instruments from GBX 1,250 ($15.38) to GBX 1,450 ($17.84) and gave the company an overweight rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Oxford Instruments currently has an average rating of Buy and a consensus target price of GBX 1,415.83 ($17.42).

Shares of OXIG opened at GBX 1,332 ($16.39) on Thursday. The company has a debt-to-equity ratio of 14.51, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market capitalization of $770.83 million and a price-to-earnings ratio of 22.81. The company’s 50 day simple moving average is GBX 1,348.52 and its 200 day simple moving average is GBX 1,365.17. Oxford Instruments has a 1 year low of GBX 724 ($8.91) and a 1 year high of GBX 1,672 ($20.58).

About Oxford Instruments

Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United States, rest of Europe, rest of Asia, the United Kingdom, Japan, China, Germany, and internationally. The company's Nanotechnology Tools segment provides high performance scientific imaging cameras, spectroscopy solutions, and microscopy systems for research and OEM markets; atomic force probe microscopy for materials and bioscience applications; 3D and 4D image visualization and analysis software; and nanoanalysis solutions for materials characterization and nanofabrication on scanning electron microscopes, focussed ion beams, and transmission electron microscopes.

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