Oxford Instruments Downgraded to “Add” at Numis Securities Ltd (OXIG)
Oxford Instruments (LON:OXIG) was downgraded by Numis Securities Ltd to an “add” rating in a research note issued on Thursday, Analyst Ratings News reports. They currently have a GBX 1,750 ($28.71) price objective on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 16.20% from the company’s current price.
A number of other analysts have also recently weighed in on OXIG. Analysts at N+1 Singer reiterated a “hold” rating on shares of Oxford Instruments in a research note on Thursday. They now have a GBX 1,425 ($23.38) price target on the stock. Separately, analysts at Investec cut their price target on shares of Oxford Instruments from GBX 1,515 ($24.86) to GBX 1,400 ($22.97) in a research note on Thursday. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Oxford Instruments in a research note on Tuesday. They now have a GBX 1,750 ($28.71) price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 1,648.59 ($27.05).
Oxford Instruments (LON:OXIG) opened at 1481.50 on Thursday. Oxford Instruments has a 52 week low of GBX 1204.00 and a 52 week high of GBX 1825.00. The stock has a 50-day moving average of GBX 1707. and a 200-day moving average of GBX 1500.. The company’s market cap is £840.0 million.
Oxford Instruments plc is a holding company. The Company is engaged in the research, development, manufacture and sale of high technology tools and systems.
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