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Research analysts at Investec cut their price objective on shares of Oxford Instruments (LON:OXIG) from GBX 1,515 ($24.86) to GBX 1,400 ($22.97) in a report released on Thursday, Analyst Ratings Network reports. The firm currently has a “hold” rating on the stock. Investec’s price objective indicates a potential downside of 7.04% from the company’s current price.

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 1713. and a 200-day moving average of GBX 1498.. The company’s market cap is £840.0 million.

OXIG has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Oxford Instruments in a research note on Wednesday. They now have a GBX 1,800 ($29.53) price target on the stock. Separately, 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. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Oxford Instruments in a research note on Monday. They now have a GBX 1,650 ($27.07) price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 1,648.59 ($27.05).

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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