Berenberg Bank Initiates Coverage on Oxford Instruments plc (OXIG)
Analysts at Berenberg Bank began coverage on shares of Oxford Instruments plc (LON:OXIG) in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork reports. The firm set a “buy” rating and a GBX 1,720 ($28.51) price target on the stock. Berenberg Bank’s price target indicates a potential upside of 19.36% from the stock’s previous close.
A number of other analysts have also recently weighed in on OXIG. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Oxford Instruments plc in a research note on Thursday, March 20th. They now have a GBX 1,750 ($29.01) price target on the stock. Separately, analysts at UBS AG cut their price target on shares of Oxford Instruments plc from GBX 1,750 ($29.01) to GBX 1,600 ($26.53) in a research note on Monday, March 17th. They now have a “buy” rating on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Oxford Instruments plc in a research note on Friday, March 14th. They now have a GBX 1,625 ($26.94) price target on the stock, down previously from GBX 1,650 ($27.35). One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,627 ($26.97).
Oxford Instruments plc (LON:OXIG) traded up 0.63% on Tuesday, hitting GBX 1441.00. 100,514 shares of the company’s stock traded hands. Oxford Instruments plc has a 52 week low of GBX 1204.00 and a 52 week high of GBX 1825.00. The stock’s 50-day moving average is GBX 1376. and its 200-day moving average is GBX 1483.. The company’s market cap is £817.0 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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