Oxford Instruments (LON:OXIG) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Oxford Instruments plc (LON:OXIGGet Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,718.61 and traded as high as GBX 3,050. Oxford Instruments shares last traded at GBX 3,018.62, with a volume of 3,310,278 shares traded.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on Oxford Instruments

Oxford Instruments Trading Down 0.0%

The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 13.08. The firm’s 50-day moving average is GBX 2,983.80 and its 200-day moving average is GBX 2,718.61. The firm has a market cap of £1.66 billion, a price-to-earnings ratio of 36.06, a P/E/G ratio of -3.56 and a beta of 1.11.

Oxford Instruments (LON:OXIGGet Free Report) last announced its earnings results on Tuesday, June 9th. The company reported GBX 100.70 earnings per share (EPS) for the quarter. The company had revenue of £423.20 million for the quarter. Oxford Instruments had a return on equity of 13.94% and a net margin of 11.39%. As a group, sell-side analysts anticipate that Oxford Instruments plc will post 117.7149452 EPS for the current fiscal year.

Oxford Instruments Company Profile

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