Oxford Instruments (LON:OXIG) Price Target Raised to GBX 1,050

Oxford Instruments (LON:OXIG) had its target price boosted by investment analysts at Berenberg Bank from GBX 700 ($9.42) to GBX 1,050 ($14.13) in a research note issued to investors on Thursday, November 30th. The firm presently has a “hold” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 28.36% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 1,180 ($15.88) price objective on shares of Oxford Instruments in a report on Wednesday, November 15th. Peel Hunt reiterated a “hold” rating and issued a GBX 1,020 ($13.73) price objective on shares of Oxford Instruments in a report on Tuesday, November 14th. Liberum Capital reiterated a “hold” rating and issued a GBX 1,150 ($15.48) price objective on shares of Oxford Instruments in a report on Tuesday, November 14th. Shore Capital reiterated a “hold” rating on shares of Oxford Instruments in a report on Monday, November 13th. Finally, Jefferies Group upped their price objective on Oxford Instruments from GBX 575 ($7.74) to GBX 850 ($11.44) and gave the company an “underperform” rating in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,060 ($14.27).

Shares of Oxford Instruments (OXIG) opened at GBX 822 ($11.06) on Thursday. Oxford Instruments has a fifty-two week low of GBX 637.50 ($8.58) and a fifty-two week high of GBX 1,174 ($15.80).

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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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