Oxford Instruments (LON:OXIG) Hits New 1-Year High – Time to Buy?

Oxford Instruments plc (LON:OXIGGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as GBX 3,318 and last traded at GBX 3,302, with a volume of 305423 shares trading hands. The stock had previously closed at GBX 3,232.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OXIG. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,590 price objective on shares of Oxford Instruments in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on 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. Finally, Berenberg Bank lifted their price objective on Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the company a “hold” rating in a report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,681.67.

View Our Latest Stock Report on Oxford Instruments

Oxford Instruments Stock Down 1.7%

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 business has a fifty day simple moving average of GBX 2,840.80 and a two-hundred day simple moving average of GBX 2,495.83. The company has a market capitalization of £1.75 billion, a price-to-earnings ratio of 133.50, a P/E/G ratio of -3.56 and a beta of 1.05.

Oxford Instruments Company Profile

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