Oxford Instruments (LON:OXIG) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from GBX 1,180 ($16.30) to GBX 1,030 ($14.23) in a research note issued to investors on Tuesday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 19.08% from the stock’s current price.
A number of other research firms have also weighed in on OXIG. Peel Hunt reissued a “hold” rating and issued a GBX 1,020 ($14.09) target price on shares of Oxford Instruments in a report on Tuesday, October 31st. Shore Capital reissued a “hold” rating on shares of Oxford Instruments in a report on Monday, November 13th. Liberum Capital reissued a “hold” rating and issued a GBX 1,150 ($15.89) target price on shares of Oxford Instruments in a report on Tuesday, November 14th. Berenberg Bank raised their target price on shares of Oxford Instruments from GBX 700 ($9.67) to GBX 1,050 ($14.51) and gave the company a “hold” rating in a report on Thursday, November 30th. Finally, Numis Securities reissued a “buy” rating and issued a GBX 1,275 ($17.62) target price on shares of Oxford Instruments in a report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Oxford Instruments currently has an average rating of “Hold” and a consensus price target of GBX 1,028.13 ($14.20).
Shares of Oxford Instruments (LON OXIG) opened at GBX 865 ($11.95) on Tuesday. Oxford Instruments has a fifty-two week low of GBX 726.41 ($10.04) and a fifty-two week high of GBX 1,174 ($16.22). The stock has a market cap of $496.29 and a P/E ratio of -3,326.92.
In other Oxford Instruments news, insider Mary Waldner bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of GBX 876 ($12.10) per share, with a total value of £8,760 ($12,102.79).
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About Oxford Instruments
Oxford Instruments plc is a provider of technology tools and systems for industry and research. The Company operates through two segments: Nanotechnology Tools and Service. The Nanotechnology Tools segment offers technology products serving research customers in both the public and private sectors. The Service segment contains the Company’s service, rental and refurbished asset sales business.
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