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

Jefferies Financial Group reaffirmed their hold rating on shares of Oxford Instruments (LON:OXIGFree Report) 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).

Check Out Our Latest Report on Oxford Instruments

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

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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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