Oxford Instruments (LON:OXIG) Reaches New 52-Week High – What’s Next?

Oxford Instruments plc (LON:OXIGGet Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 3,044 and last traded at GBX 3,042.40, with a volume of 225491 shares. The stock had previously closed at GBX 2,992.

Analysts Set New Price Targets

A number of brokerages have commented on OXIG. Jefferies Financial Group restated a “hold” rating and set a GBX 2,590 price target on shares of Oxford Instruments in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Oxford Instruments presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,631.67.

Read Our Latest Research Report on OXIG

Oxford Instruments Trading Down 4.6%

The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 16.08. The firm has a market cap of £1.63 billion, a price-to-earnings ratio of 124.73, a price-to-earnings-growth ratio of -3.56 and a beta of 1.05. The business’s fifty day moving average is GBX 2,674.57 and its two-hundred day moving average is GBX 2,376.15.

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