Oxford Instruments plc (LON:OXIG) Insider Purchases £168.91 in Stock

Oxford Instruments plc (LON:OXIG) insider Gavin Hill bought 7 shares of Oxford Instruments stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of GBX 2,413 ($30.81) per share, for a total transaction of £168.91 ($215.67).

Gavin Hill also recently made the following trade(s):

• On Wednesday, August 7th, Gavin Hill sold 25,000 shares of Oxford Instruments stock. The shares were sold at an average price of GBX 2,274 ($29.03), for a total transaction of £568,500 ($725,868.23).
• On Monday, June 10th, Gavin Hill purchased 6 shares of Oxford Instruments stock. The shares were purchased at an average cost of GBX 2,490 ($31.79) per share, for a total transaction of £149.40 ($190.76).

Oxford Instruments Stock Performance

LON:OXIG opened at GBX 2,300 ($29.37) on Thursday. The stock has a market capitalization of £1.33 billion, a P/E ratio of 2,169.81, a PEG ratio of -3.56 and a beta of 0.95. The company has a debt-to-equity ratio of 16.33, a quick ratio of 1.11 and a current ratio of 1.67. Oxford Instruments plc has a fifty-two week low of GBX 1,634 ($20.86) and a fifty-two week high of GBX 2,765 ($35.30). The company has a 50 day moving average price of GBX 2,483.69 and a 200 day moving average price of GBX 2,303.46.

Oxford Instruments Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Thursday, July 11th will be given a dividend of GBX 15.90 ($0.20) per share. This is a positive change from Oxford Instruments’s previous dividend of $4.90. This represents a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, July 11th. Oxford Instruments’s dividend payout ratio (DPR) is currently 1,886.79%.

Wall Street Analyst Weigh In

OXIG has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on Oxford Instruments from GBX 2,400 ($30.64) to GBX 2,750 ($35.11) and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 2,240 ($28.60) price target on shares of Oxford Instruments in a report on Wednesday, June 12th. Finally, Shore Capital restated a “buy” rating on shares of Oxford Instruments in a report on Thursday, July 11th.

Oxford Instruments Company Profile

Oxford Instruments plc designs and supplies technology products and services in Europe, North America, Asia, and internationally. It operates through three segments: Materials & Characterisation, Research & Discovery, and Service & Healthcare. The company offers atomic force, electron, and raman microscopy; deposition and etch tools; low temperature systems; optical imaging; nuclear magnetic resonance, modular optical spectroscopy; and x-ray.