Oxford Instruments (LON:OXIG) Hits New 52-Week High – What’s Next?
by Kim Johansen · The Markets DailyOxford Instruments plc (LON:OXIG – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 2,680 and last traded at GBX 2,620, with a volume of 7797 shares. The stock had previously closed at GBX 2,610.
Wall Street Analyst Weigh In
OXIG has been the subject of several research analyst reports. Shore Capital Group reaffirmed a “buy” rating and set a GBX 2,600 target price on shares of Oxford Instruments in a research note on Thursday, January 15th. JPMorgan Chase & Co. upped their price objective on shares of Oxford Instruments from GBX 2,500 to GBX 2,600 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Oxford Instruments from GBX 2,435 to GBX 2,675 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Finally, Berenberg Bank boosted their target price on Oxford Instruments from GBX 2,400 to GBX 2,700 and gave the company a “buy” rating in a research report on Thursday, January 15th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, Oxford Instruments has a consensus rating of “Buy” and an average price target of GBX 2,595.
Get Our Latest Stock Report on OXIG
Oxford Instruments Stock Up 0.6%
The business’s fifty day moving average is GBX 2,284.38 and its two-hundred day moving average is GBX 2,031.23. The stock has a market cap of £1.47 billion, a price-to-earnings ratio of 110.76, a PEG ratio of -3.56 and a beta of 0.96. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 12.96.