Insider Buying: Oxford Instruments (LON:OXIG) Insider Buys £71,077.40 in Stock

Oxford Instruments plc (LON:OXIGGet Free Report) insider Paul Fry purchased 2,335 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were purchased at an average price of GBX 3,044 per share, for a total transaction of £71,077.40.

Oxford Instruments Price Performance

Shares of LON:OXIG opened at GBX 2,714.04 on Friday. Oxford Instruments plc has a 52 week low of GBX 1,682 and a 52 week high of GBX 3,318. The company has a 50-day moving average price of GBX 2,978.06 and a 200 day moving average price of GBX 2,743.16. The company has a market cap of £1.50 billion, a P/E ratio of 32.43, a PEG ratio of -3.56 and a beta of 1.11. The company has a quick ratio of 1.11, a current ratio of 1.83 and a debt-to-equity ratio of 13.08.

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

Analyst Ratings Changes

OXIG has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Oxford Instruments from GBX 3,000 to GBX 3,200 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Jefferies Financial Group restated a “hold” rating and set a GBX 2,590 target price on shares of Oxford Instruments in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft upped 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. Finally, Berenberg Bank increased their price target on shares of 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 research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 2,781.67.

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