Oxford Instruments plc (LON:OXIG) announced a dividend on Tuesday, November 14th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, February 22nd will be given a dividend of GBX 3.70 ($0.05) per share on Friday, April 6th. This represents a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, February 22nd. The official announcement can be accessed at this link.
Oxford Instruments (OXIG) traded down GBX 40 ($0.55) on Friday, hitting GBX 825 ($11.40). The stock had a trading volume of 61,487 shares, compared to its average volume of 25,842. Oxford Instruments has a twelve month low of GBX 769 ($10.62) and a twelve month high of GBX 1,174 ($16.22). The firm has a market capitalization of $473.34 and a PE ratio of -3,173.08.
A number of research firms have recently commented on OXIG. JPMorgan Chase & Co. cut their target price on Oxford Instruments from GBX 1,180 ($16.30) to GBX 1,030 ($14.23) and set an “overweight” rating on the stock in a research report on Tuesday. Liberum Capital upgraded Oxford Instruments to a “buy” rating and set a GBX 1,100 ($15.20) target price on the stock in a research report on Friday, January 12th. Barclays lowered their price target on Oxford Instruments from GBX 1,145 ($15.82) to GBX 1,090 ($15.06) and set an “overweight” rating on the stock in a report on Monday, December 18th. Numis Securities reissued a “buy” rating and set a GBX 1,275 ($17.62) price target on shares of Oxford Instruments in a report on Tuesday, December 5th. Finally, Berenberg Bank raised their price target on Oxford Instruments from GBX 700 ($9.67) to GBX 1,050 ($14.51) and gave the stock a “hold” rating in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,028.13 ($14.20).
In related news, insider Mary Waldner purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were purchased at an average price of GBX 876 ($12.10) per share, with a total value of £8,760 ($12,102.79).
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Oxford Instruments Company Profile
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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