Oxford Instruments (LON:OXIG) Stock Passes Above 200-Day Moving Average – Should You Sell?

Oxford Instruments plc (LON:OXIG) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,596.18 and traded as high as GBX 3,054. Oxford Instruments shares last traded at GBX 2,928, with a volume of 2,010,667 shares traded.

Wall Street Analyst Weigh In

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

Oxford Instruments Stock Up 0.4%

The firm’s 50-day simple moving average is GBX 2,965.31 and its 200-day simple moving average is GBX 2,596.18. The company has a debt-to-equity ratio of 13.08, a quick ratio of 1.11 and a current ratio of 1.83. The company has a market capitalization of £1.62 billion, a price-to-earnings ratio of 123.54, a price-to-earnings-growth ratio of -3.56 and a beta of 1.09.

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

Oxford Instruments Company Profile