Oxford Instruments (LON:OXIG – Free Report) had its price objective decreased by Berenberg Bank from GBX 3,100 ($38.07) to GBX 2,955 ($36.29) in a research note published on Wednesday, MarketBeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.
OXIG has been the subject of a number of other reports. Shore Capital restated a buy rating on shares of Oxford Instruments in a report on Tuesday. Royal Bank of Canada reissued an outperform rating and issued a GBX 350 ($4.30) price target on shares of Oxford Instruments in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of GBX 2,281 ($28.01).
Oxford Instruments Trading Up 2.5 %
Oxford Instruments Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, January 12th. Stockholders of record on Thursday, November 30th will be paid a GBX 4.90 ($0.06) dividend. This represents a dividend yield of 0.25%. The ex-dividend date is Thursday, November 30th. Oxford Instruments’s dividend payout ratio is currently 2,000.00%.
In other Oxford Instruments news, insider Neil A. P. Carson acquired 16,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of GBX 2,021 ($24.82) per share, with a total value of £323,360 ($397,101.81). In the last three months, insiders have bought 16,015 shares of company stock valued at $32,365,966. 10.75% of the stock is currently owned by insiders.
About Oxford Instruments
Oxford Instruments plc provides technology products and services in Europe, North America, Asia, and internationally. It operates through three segments: Materials & Characterisation, Research & Discovery, and Service & Healthcare. The company offers atomic force microscopy products; tools for use in research and development across a range of applications, including semiconductors, renewable energy, mining, metallurgy, and forensics; etch and deposition processing equipment and solutions for use in power and RF devices, VCSELs/lasers, 2D materials, augmented reality, biomems, failure analysis, HBLEDs, infrared sensors, MEMS and sensors, and quantum; and low temperature systems comprising wet systems, dry systems, magnets, cryogenics, and accessories.
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