Oxford Instruments (LON:OXIG) Stock Crosses Above 200-Day Moving Average – Here’s Why

Oxford Instruments plc (LON:OXIG)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,555.98 and traded as high as GBX 2,998. Oxford Instruments shares last traded at GBX 2,922, with a volume of 124,360 shares.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OXIG. JPMorgan Chase & Co. lifted their target price on shares of Oxford Instruments from GBX 3,000 to GBX 3,200 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,590 price target on shares of Oxford Instruments in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Oxford Instruments from GBX 2,675 to GBX 2,900 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Finally, Berenberg Bank lifted their price target on shares of Oxford Instruments from GBX 2,700 to GBX 3,000 and gave the stock a “hold” rating in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,781.67.

Oxford Instruments Price Performance

The business’s 50 day moving average price is GBX 2,922.08 and its 200 day moving average price is GBX 2,555.98. The stock has a market capitalization of £1.61 billion, a P/E ratio of 123.29, a price-to-earnings-growth ratio of -3.56 and a beta of 1.09. The company has a debt-to-equity ratio of 13.08, a current ratio of 1.83 and a quick ratio of 1.11.

Oxford Instruments (LON:OXIG) last announced its quarterly earnings results on Tuesday, June 9th. The company reported GBX 100.70 EPS for the quarter. Oxford Instruments had a net margin of 11.39% and a return on equity of 13.94%. The firm had revenue of £423.20 million during the quarter. Sell-side analysts forecast that Oxford Instruments plc will post 117.7149452 EPS for the current year.

Oxford Instruments Company Profile