Oxford Instruments plc (LON:OXIG) Given Consensus Rating of “Moderate Buy” by Brokerages

Oxford Instruments plc (LON:OXIGGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 2,281 ($28.59).

OXIG has been the topic of several recent research reports. Berenberg Bank lowered their price objective on shares of Oxford Instruments from GBX 3,100 ($38.86) to GBX 2,955 ($37.04) and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Shore Capital reiterated a “buy” rating on shares of Oxford Instruments in a report on Tuesday, November 14th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,200 ($27.58) target price on shares of Oxford Instruments in a report on Wednesday, November 15th.

Read Our Latest Stock Report on OXIG

Oxford Instruments Stock Performance

Shares of OXIG opened at GBX 2,135 ($26.76) on Friday. The firm’s 50 day moving average is GBX 2,211.71 and its 200-day moving average is GBX 2,154.69. The stock has a market capitalization of £1.24 billion, a P/E ratio of 2,072.82, a P/E/G ratio of -3.56 and a beta of 0.98. The company has a debt-to-equity ratio of 16.33, a current ratio of 1.67 and a quick ratio of 1.11. Oxford Instruments has a 12-month low of GBX 1,634 ($20.48) and a 12-month high of GBX 2,884.80 ($36.16).

Oxford Instruments Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 12th. Investors of record on Thursday, November 30th were issued a dividend of GBX 4.90 ($0.06) per share. This represents a dividend yield of 0.25%. The ex-dividend date was Thursday, November 30th. Oxford Instruments’s dividend payout ratio is currently 1,941.75%.

Insider Buying and Selling

In related news, insider Neil A. P. Carson purchased 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average cost of GBX 2,021 ($25.34) per share, for a total transaction of £323,360 ($405,365.43). Over the last three months, insiders purchased 16,013 shares of company stock worth $32,364,723. 10.51% of the stock is owned by company insiders.

Oxford Instruments Company Profile

(Get Free Report

Oxford Instruments plc designs and supplies 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, electron, and raman microscopy; deposition and etch tools; low temperature systems; optical imaging; nuclear magnetic resonance, modular optical spectroscopy; and x-ray.

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Analyst Recommendations for Oxford Instruments (LON:OXIG)

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