Oxford Instruments (LON:OXIG) has been assigned an average recommendation of “Buy” from the eight ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,025 ($13.90).
OXIG has been the topic of a number of recent analyst reports. Shore Capital restated a “hold” rating and issued a GBX 795 ($10.78) price target on shares of Oxford Instruments in a research report on Wednesday, April 11th. JPMorgan Chase dropped their price target on shares of Oxford Instruments from GBX 1,180 ($16.01) to GBX 1,030 ($13.97) and set an “overweight” rating on the stock in a research report on Tuesday, February 13th. Liberum Capital restated a “buy” rating and issued a GBX 1,100 ($14.92) price target on shares of Oxford Instruments in a research report on Wednesday, April 11th. Jefferies Group upgraded shares of Oxford Instruments to a “hold” rating and dropped their price target for the stock from GBX 850 ($11.53) to GBX 845 ($11.46) in a research report on Thursday, February 22nd. Finally, Peel Hunt restated a “buy” rating and issued a GBX 1,020 ($13.84) price target on shares of Oxford Instruments in a research report on Monday, April 9th.
LON:OXIG traded up GBX 31 ($0.42) during mid-day trading on Friday, hitting GBX 948 ($12.86). 17,888 shares of the company’s stock were exchanged, compared to its average volume of 49,802. Oxford Instruments has a fifty-two week low of GBX 680 ($9.22) and a fifty-two week high of GBX 1,174 ($15.93).
In related news, insider Gavin Hill acquired 235 shares of the stock in a transaction dated Friday, April 6th. The stock was bought at an average price of GBX 763 ($10.35) per share, for a total transaction of £1,793.05 ($2,432.24). Also, insider Ian Barkshire acquired 6,000 shares of the stock in a transaction dated Thursday, March 1st. The stock was bought at an average price of GBX 753 ($10.21) per share, with a total value of £45,180 ($61,285.95). Insiders bought a total of 6,251 shares of company stock worth $4,712,281 in the last 90 days.
Oxford Instruments Company Profile
Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United States, rest of Europe, rest of Asia, the United Kingdom, Japan, China, Germany, and internationally. The company's Nanotechnology Tools segment provides high performance scientific imaging cameras, spectroscopy solutions, and microscopy systems for research and OEM markets; atomic force probe microscopy for materials and bioscience applications; 3D and 4D image visualization and analysis software; and nanoanalysis solutions for materials characterization and nanofabrication on scanning electron microscopes, focussed ion beams, and transmission electron microscopes.
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