Oxford Instruments (LON:OXIG) Price Target Cut to GBX 2,830 by Analysts at Berenberg Bank

Oxford Instruments (LON:OXIG) had its price objective cut by investment analysts at Berenberg Bank from GBX 2,925 ($37.64) to GBX 2,830 ($36.42) in a report released on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 35.73% from the stock’s previous close.

Separately, Shore Capital restated a “buy” rating on shares of Oxford Instruments in a research note on Wednesday, October 16th.

Oxford Instruments Stock Performance

Shares of LON:OXIG traded up GBX 50 ($0.64) on Tuesday, hitting GBX 2,085 ($26.83). 289,879 shares of the company were exchanged, compared to its average volume of 100,272. The company’s 50 day moving average price is GBX 2,096.73 and its two-hundred day moving average price is GBX 2,308.02. The firm has a market capitalization of £1.21 billion, a price-to-earnings ratio of 2,424.42, a PEG ratio of -3.56 and a beta of 0.96. The company has a debt-to-equity ratio of 12.96, a quick ratio of 1.11 and a current ratio of 1.64. Oxford Instruments has a one year low of GBX 1,918 ($24.68) and a one year high of GBX 2,765 ($35.58).

Oxford Instruments Company Profile

Oxford Instruments plc provide scientific technology products and services for academic and commercial organizations worldwide. It operates through three segments: Materials & Characterisation, Research & Discovery, and Service & Healthcare. The company offers atomic force, electron, and Raman microscopy; deposition tools comprising plasma enhanced chemical vapour deposition, chemical vapour deposition, inductively coupled plasma chemical vapour deposition, atomic layer deposition, and ion beam deposition systems; and etch tools, including inductively coupled plasma etching, reactive ion etching, deep silicon etching, atomic layer etching, and ion beam etching systems.