Oxford Instruments’ (OXIG) Buy Rating Reaffirmed at Numis Securities
Oxford Instruments (LON:OXIG)‘s stock had its “buy” rating restated by research analysts at Numis Securities in a research note issued to investors on Tuesday. They presently have a GBX 1,275 ($17.16) price objective on the stock. Numis Securities’ price target would suggest a potential upside of 44.31% from the company’s previous close.
A number of other research analysts also recently commented on OXIG. Jefferies Group increased their target price on Oxford Instruments from GBX 575 ($7.74) to GBX 850 ($11.44) and gave the company an “underperform” rating in a research report on Tuesday, September 26th. Peel Hunt reiterated a “hold” rating and set a GBX 1,020 ($13.73) target price on shares of Oxford Instruments in a research report on Tuesday, September 12th. Barclays reiterated an “overweight” rating and set a GBX 1,145 ($15.41) target price on shares of Oxford Instruments in a research report on Thursday, August 17th. Berenberg Bank increased their target price on Oxford Instruments from GBX 700 ($9.42) to GBX 1,050 ($14.13) and gave the company a “hold” rating in a research report on Thursday, November 30th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 1,180 ($15.88) target price on shares of Oxford Instruments in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Oxford Instruments has an average rating of “Hold” and an average price target of GBX 1,060 ($14.27).
Oxford Instruments (LON:OXIG) traded up GBX 25.50 ($0.34) during midday trading on Tuesday, hitting GBX 883.50 ($11.89). The stock had a trading volume of 62,639 shares, compared to its average volume of 22,464. Oxford Instruments has a 52-week low of GBX 611 ($8.22) and a 52-week high of GBX 1,174 ($15.80).
About Oxford Instruments
Oxford Instruments plc is a provider of technology tools and systems for industry and research. The Company operates through two segments: Nanotechnology Tools and Service. The Nanotechnology Tools segment offers technology products serving research customers in both the public and private sectors. The Service segment contains the Company’s service, rental and refurbished asset sales business.
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