The stock price of ) crossed over its 50-day moving average on Wednesday during trading. Stock has a 50-day moving average of $30.68 and reached as high as $35.75. Oxford Instruments' shares were last traded at 33.40 with 1,574 shares changing hands.
Analyst Upgrades and downgrades
Recent comments from a number of equity research analysts on the company have been made. In a research report published on April 20th, Berenberg Bank raised their target price for Oxford Instruments by GBX 2,930 (US$36.44) up to GBX 3100 (US$38.56). HSBC started covering Oxford Instruments on Wednesday, May 17. The company was given a rating of 'hold'. The company's fifty-day moving average is $31.82 while its 200-day moving average is $28.47.
Oxford Instruments Plc, a holding firm, is engaged in research, development and manufacture of high-tech tools and systems. It also rents, sells and provides service for these products. The company operates in three segments: Materials and Characterization, Research and Discovery and Service and Healthcare. Materials and Characterization focuses on commercial customers and applied research and developments, and allows for the fabrication and characterization materials and devices at the atomic level.
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