Oxford Instruments plc (OXIG) Plans Dividend of GBX 9.30
Oxford Instruments plc (LON:OXIG) announced a dividend on Tuesday, June 13th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 21st will be paid a dividend of GBX 9.30 ($0.12) per share on Thursday, October 19th. This represents a dividend yield of 0.87%. The ex-dividend date is Thursday, September 21st. This is an increase from Oxford Instruments plc’s previous dividend of $3.70. The official announcement can be viewed at this link.
Shares of Oxford Instruments plc (LON:OXIG) traded up 5.20% during mid-day trading on Tuesday, hitting GBX 1073.00. The company had a trading volume of 54,255 shares. Oxford Instruments plc has a 1-year low of GBX 610.00 and a 1-year high of GBX 1,139.00. The company has a 50-day moving average price of GBX 1,042.49 and a 200-day moving average price of GBX 832.33. The company’s market capitalization is GBX 612.67 million.
A number of equities analysts have weighed in on OXIG shares. Stifel Nicolaus reiterated a “buy” rating on shares of Oxford Instruments plc in a research note on Tuesday, April 4th. Barclays PLC restated an “overweight” rating on shares of Oxford Instruments plc in a research report on Tuesday, March 21st. Peel Hunt raised their target price on Oxford Instruments plc from GBX 735 ($9.30) to GBX 800 ($10.12) and gave the company a “hold” rating in a research report on Wednesday, April 5th. Liberum Capital raised their target price on Oxford Instruments plc from GBX 690 ($8.73) to GBX 1,150 ($14.55) and gave the company a “hold” rating in a research report on Thursday, May 11th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a GBX 930 ($11.76) target price on shares of Oxford Instruments plc in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 914.22 ($11.57).
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About Oxford Instruments plc
Oxford Instruments plc is a provider of technology tools and systems for industry and research. The Company operates through three segments: Nanotechnology Tools, Industrial Products and Service. The Nanotechnology Tools segment offers technology products serving research customers in both the public and private sectors.
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