Oxford Instruments (LON:OXIG) Reaches New 12-Month Low – Here’s What Happened

Oxford Instruments plc (LON:OXIG) shares reached a new 52-week low during trading on Friday . The stock traded as low as GBX 1,852 ($23.29) and last traded at GBX 1,898.64 ($23.88), with a volume of 48594 shares traded. The stock had previously closed at GBX 1,910 ($24.02).

Analysts Set New Price Targets

Several research firms have recently commented on OXIG. Berenberg Bank reduced their price target on Oxford Instruments from GBX 2,925 ($36.79) to GBX 2,830 ($35.59) and set a “buy” rating for the company in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 95 ($1.19) target price on shares of Oxford Instruments in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Oxford Instruments currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,978.75 ($24.89).

Oxford Instruments Trading Up 0.3 %

The company has a 50 day moving average of GBX 2,048.12 and a two-hundred day moving average of GBX 2,098.92. The company has a debt-to-equity ratio of 12.96, a quick ratio of 1.11 and a current ratio of 1.64. The stock has a market capitalization of £1.11 billion, a PE ratio of 21.76, a P/E/G ratio of -3.56 and a beta of 0.96.

Oxford Instruments Company Profile

Oxford Instruments provides academic and commercial organisations worldwide with market-leading scientific technology and expertise across its key market segments: materials analysis, semiconductor, and healthcare & life science.
Innovation is the driving force behind Oxford Instruments’ growth and success, supporting its core purpose to accelerate the breakthroughs that create a brighter future for our world.