David Farrell, an analyst from Jefferies, maintained the Hold rating on Oxford Instruments. The associated price target remains the same with p2,120.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
David Farrell has given his Hold rating due to a combination of factors affecting Oxford Instruments. The company’s recent financial results align with previous trading updates, showing a decline in revenue and EBITA margins, largely attributed to geopolitical disruptions. Despite these challenges, the company’s expectations for the fiscal year remain unchanged, and order patterns in the Imaging & Analysis segment are meeting forecasts.
Additionally, Oxford Instruments has announced an increase in its share buy-back program, suggesting limited immediate opportunities for mergers and acquisitions. This move is likely to be viewed positively by the market. However, the recovery of margins in the second half of the fiscal year is contingent on several factors, introducing some risk to the company’s full-year expectations. Consequently, these elements collectively support the decision to maintain a Hold rating.