Oxford Instruments (OXIG) Price Target Cut to GBX 1,090 by Analysts at Barclays

Oxford Instruments (LON:OXIG) had its target price reduced by equities research analysts at Barclays from GBX 1,145 ($15.41) to GBX 1,090 ($14.67) in a report released on Monday. The brokerage currently has an “overweight” rating on the stock. Barclays’ price target suggests a potential upside of 28.24% from the stock’s previous close.

OXIG has been the topic of a number of other reports. Numis Securities reiterated a “buy” rating and set a GBX 1,275 ($17.16) price objective on shares of Oxford Instruments in a research note on Tuesday, December 5th. Peel Hunt restated a “hold” rating and issued a GBX 1,020 ($13.73) price target on shares of Oxford Instruments in a research note on Tuesday, September 12th. Shore Capital restated a “hold” rating on shares of Oxford Instruments in a research note on Tuesday, September 12th. Jefferies Group raised their price target on shares of Oxford Instruments from GBX 575 ($7.74) to GBX 850 ($11.44) and gave the company an “underperform” rating in a research note on Tuesday, September 26th. Finally, Liberum Capital restated a “hold” rating and issued a GBX 1,150 ($15.48) price target on shares of Oxford Instruments in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,053.13 ($14.17).

Shares of Oxford Instruments (LON:OXIG) traded down GBX 8 ($0.11) during mid-day trading on Monday, reaching GBX 850 ($11.44). The company had a trading volume of 11,173 shares, compared to its average volume of 26,723. Oxford Instruments has a 1 year low of GBX 700 ($9.42) and a 1 year 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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