Shore Capital Reiterates “Buy” Rating for Oxford Instruments (LON:OXIG)

Shore Capital reiterated their buy rating on shares of Oxford Instruments (LON:OXIG) in a report published on Tuesday, MarketBeat reports.

A number of other brokerages also recently weighed in on OXIG. Royal Bank of Canada reiterated an outperform rating and set a GBX 350 ($4.30) price target on shares of Oxford Instruments in a report on Tuesday, July 18th. JPMorgan Chase & Co. decreased their price target on shares of Oxford Instruments from GBX 3,100 ($38.07) to GBX 3,000 ($36.84) and set an overweight rating for the company in a report on Monday, July 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of GBX 2,281 ($28.01).

Oxford Instruments Stock Up 2.5 %

OXIG stock opened at GBX 2,080 ($25.54) on Tuesday. Oxford Instruments has a 52-week low of GBX 1,634 ($20.07) and a 52-week 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 firm has a market capitalization of £1.20 billion, a P/E ratio of 2,080.00, a P/E/G ratio of -3.56 and a beta of 0.93. The company’s 50 day simple moving average is GBX 2,011.49 and its 200-day simple moving average is GBX 2,364.81.

Oxford Instruments Cuts Dividend

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

Insider Buying and Selling

In other news, insider Neil A. P. Carson acquired 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of GBX 2,021 ($24.82) per share, for a total transaction of £323,360 ($397,101.81). Over the last quarter, insiders have bought 16,015 shares of company stock worth $32,365,966. Insiders own 10.75% of the company’s stock.

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.