Oxford Instruments (OXIG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

2,020.00p
   
  • Change Today:
      70.00p
  • 52 Week High: 2,660.00
  • 52 Week Low: 1,870.00
  • Currency: UK Pounds
  • Shares Issued: 58.04m
  • Volume: 174,832
  • Market Cap: £1,172.40m
  • RiskGrade: 153
  • Beta: 1.48

HSBC initiates coverage of Oxford Instruments at 'hold'

By Michele Maatouk

Date: Wednesday 17 May 2023

LONDON (ShareCast) - (Sharecast News) - HSBC initiated coverage of Oxford Instruments on Wednesday with a 'hold' rating and 2,900p price target as it said it is an undisputed expert in its field but that a strong share price performance since March 2020 might be stalled by export restrictions and change at the helm.
The bank said short-term opportunities and challenges seem to be balanced, i.e. further growth prospects for Oxford Instruments' high-tech tools might be come under pressure from stricter export regulations.

"We argue that existing and marginal investors might want to hear the views and strategic intentions of the incoming new CEO Richard Tyson, but that could take until Spring 2024.

"Hence, continued execution might be the main theme until then."

HSBC noted that the share price has more than tripled since March 2020. Its multiples have re-rated by 30% to 50% from their historical levels and are at a 20% premium to peers, albeit on 300 basis points or 15% lower margins, it said, adding that a further multiple expansion is unlikely.

Oxford Instruments produces high-end scientific instruments that enable material analysis, manipulation and imaging down to the atomic and molecular level.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

OXIG Market Data

Currency UK Pounds
Share Price 2,020.00p
Change Today 70.00p
% Change 3.59 %
52 Week High 2,660.00
52 Week Low 1,870.00
Volume 174,832
Shares Issued 58.04m
Market Cap £1,172.40m
Beta 1.48
RiskGrade 153

OXIG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.94% above the market average1.94% above the market average1.94% above the market average1.94% above the market average1.94% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Price Trend
24.7% below the market average24.7% below the market average24.7% below the market average24.7% below the market average24.7% below the market average
45.95% above the sector average45.95% above the sector average45.95% above the sector average45.95% above the sector average45.95% above the sector average
Income
52.91% below the market average52.91% below the market average52.91% below the market average52.91% below the market average52.91% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Growth
9.88% below the market average9.88% below the market average9.88% below the market average9.88% below the market average9.88% below the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 2
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

OXIG Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Nov-24 11-Jul-24
Paid 10-Jan-25 20-Aug-24
Amount 5.10p 15.90p

Trades for 21-Nov-2024

Time Volume / Share Price
16:29 45 @ 2,010.00p
16:29 40 @ 2,010.00p
16:29 6 @ 2,010.00p
16:24 80 @ 2,010.00p
16:22 5 @ 2,010.00p

OXIG Key Personnel

CEO Richard Tyson

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