David Farrell, an analyst from Jefferies, maintained the Hold rating on Oxford Instruments. The associated price target was lowered to p2,120.00.
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David Farrell has given his Hold rating due to a combination of factors related to Oxford Instruments’ strategic direction and current financial performance. The company is striving to establish itself as a leading UK industrial entity with consistent mid-single-digit organic revenue growth and margins exceeding 20%. However, the recent sale of its NanoScience business, while beneficial for margin improvement and reducing working capital volatility in the long term, has eliminated a significant growth driver in the short term.
Additionally, Farrell anticipates only minimal organic revenue growth for the current year, which could delay any potential re-rating of the stock. These elements contribute to a cautious outlook, prompting the Hold rating as the company navigates these transitional challenges and works towards achieving its strategic goals.
In another report released on July 23, TR | OpenAI – 4o also downgraded the stock to a Hold with a p2,069.00 price target.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OXINF in relation to earlier this year.