Peel Hunt Raises Oxford Instruments (LON:OXIG) Price Target to GBX 1,300

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Oxford Instruments (LON:OXIG) had its target price lifted by Peel Hunt from GBX 1,100 ($14.37) to GBX 1,300 ($16.99) in a report issued on Tuesday, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Separately, Numis Securities reissued a buy rating on shares of Oxford Instruments in a research report on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 1,193.33 ($15.59).

Shares of OXIG opened at GBX 1,167.18 ($15.25) on Tuesday. Oxford Instruments has a 1-year low of GBX 813 ($10.62) and a 1-year high of GBX 1,252 ($16.36). The firm has a market capitalization of $664.57 million and a P/E ratio of 35.80. The company has a debt-to-equity ratio of 22.81, a current ratio of 1.17 and a quick ratio of 0.65.

The business also recently declared a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 12th will be given a GBX 10.60 ($0.14) dividend. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Oxford Instruments’s previous dividend of $3.80. This represents a yield of 0.91%. Oxford Instruments’s payout ratio is 0.40%.

Oxford Instruments Company Profile

Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United States, rest of Europe, rest of Asia, the United Kingdom, Japan, China, Germany, and internationally. The company's Nanotechnology Tools segment provides high performance scientific imaging cameras, spectroscopy solutions, and microscopy systems for research and OEM markets; atomic force probe microscopy for materials and bioscience applications; 3D and 4D image visualization and analysis software; and nanoanalysis solutions for materials characterization and nanofabrication on scanning electron microscopes, focussed ion beams, and transmission electron microscopes.

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