Oxford Instruments plc (LON:OXIG) Declares Dividend Increase – GBX 15.90 Per Share

Oxford Instruments plc (LON:OXIG) announced a dividend on Tuesday, June 11th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 11th will be given a dividend of GBX 15.90 ($0.20) per share on Tuesday, August 20th. This represents a dividend yield of 0.65%. The ex-dividend date is Thursday, July 11th. This is an increase from Oxford Instruments’s previous dividend of $4.90. The official announcement can be viewed at this link.

Oxford Instruments Stock Performance

OXIG stock opened at GBX 2,495 ($31.96) on Wednesday. The company’s 50-day simple moving average is GBX 2,469.23 and its 200-day simple moving average is GBX 2,266.97. The company has a quick ratio of 1.11, a current ratio of 1.67 and a debt-to-equity ratio of 16.33. Oxford Instruments has a 52-week low of GBX 1,634 ($20.93) and a 52-week high of GBX 2,765 ($35.42). The firm has a market cap of £1.45 billion, a P/E ratio of 2,353.77, a PEG ratio of -3.56 and a beta of 0.95.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OXIG. JPMorgan Chase & Co. raised their price target on shares of Oxford Instruments from GBX 2,400 ($30.74) to GBX 2,750 ($35.22) and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Shore Capital reaffirmed a “buy” rating on shares of Oxford Instruments in a research note on Wednesday, June 12th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 2,240 ($28.69) price target on shares of Oxford Instruments in a research note on Wednesday, June 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Oxford Instruments presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,073.75 ($26.56).

About Oxford Instruments

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.