Oxford Instruments plc (LON:OXIG) Insider Purchases £140,868.20 in Stock

Oxford Instruments plc (LON:OXIG) insider Richard Tyson bought 5,821 shares of the stock in a transaction on Wednesday, July 24th. The shares were bought at an average price of GBX 2,420 ($31.30) per share, for a total transaction of £140,868.20 ($182,188.57).

Oxford Instruments Stock Up 1.5 %

Shares of LON OXIG opened at GBX 2,445 ($31.62) on Friday. The firm has a market cap of £1.42 billion, a P/E ratio of 2,306.60, a price-to-earnings-growth ratio of -3.56 and a beta of 0.95. The company has a debt-to-equity ratio of 16.33, a quick ratio of 1.11 and a current ratio of 1.67. Oxford Instruments plc has a 1 year low of GBX 1,634 ($21.13) and a 1 year high of GBX 2,765 ($35.76). The firm’s 50 day moving average price is GBX 2,502.78 and its 200 day moving average price is GBX 2,287.11.

Oxford Instruments Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Thursday, July 11th will be issued a dividend of GBX 15.90 ($0.21) per share. This is a boost from Oxford Instruments’s previous dividend of $4.90. The ex-dividend date of this dividend is Thursday, July 11th. This represents a dividend yield of 0.65%. Oxford Instruments’s dividend payout ratio (DPR) is 1,886.79%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on OXIG shares. Shore Capital reissued a “buy” rating on shares of Oxford Instruments in a report on Thursday, July 11th. JPMorgan Chase & Co. increased their price objective on shares of Oxford Instruments from GBX 2,400 ($31.04) to GBX 2,750 ($35.57) and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 2,240 ($28.97) target price on shares of Oxford Instruments in a research report on Wednesday, June 12th.

About Oxford Instruments

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.