Oxford Instruments’ (OXIG) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Oxford Instruments (LON:OXIG) in a research note published on Wednesday, Digital Look reports. The firm currently has a GBX 2,200 ($27.02) price target on the stock.

A number of other brokerages have also issued reports on OXIG. Royal Bank of Canada reissued an outperform rating and issued a GBX 350 ($4.30) target price on shares of Oxford Instruments in a research report on Tuesday, July 18th. Berenberg Bank dropped their target price on Oxford Instruments from GBX 3,100 ($38.07) to GBX 2,955 ($36.29) and set a buy rating for the company in a research report on Wednesday. Finally, Shore Capital reaffirmed a buy rating on shares of Oxford Instruments in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of GBX 2,281 ($28.01).

Oxford Instruments Trading Up 2.5 %

LON OXIG opened at GBX 2,080 ($25.54) on Wednesday. The firm’s 50-day moving average is GBX 2,011.49 and its two-hundred day moving average is GBX 2,364.81. Oxford Instruments has a 12 month low of GBX 1,634 ($20.07) and a 12 month high of GBX 2,884.80 ($35.43). The company has a debt-to-equity ratio of 12.76, a current ratio of 1.60 and a quick ratio of 1.11. The stock has a market capitalization of £1.20 billion, a P/E ratio of 2,080.00, a PEG ratio of -3.56 and a beta of 0.93.

Oxford Instruments Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, November 30th will be issued a dividend of GBX 4.90 ($0.06) per share. The ex-dividend date is Thursday, November 30th. This represents a yield of 0.25%. Oxford Instruments’s payout ratio is currently 2,000.00%.

Insider Transactions at Oxford Instruments

In related news, insider Neil A. P. Carson bought 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased 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 quarter, insiders purchased 16,015 shares of company stock worth $32,365,966. 10.75% of the stock is currently owned by insiders.

Oxford Instruments Company Profile

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.