Oxford Instruments (OXIG)

Share Price:
2,760.00p
Market Cap:
£1,517.11m
Change Today:
0.000p
Sector:
Electronic and Electrical Equipment

Berenberg downgrades Oxford Instruments, says risk-reward fairly balanced

By Michele Maatouk

Date: Monday 18 May 2026

LONDON (ShareCast) - (Sharecast News) - Berenberg downgraded its stance on Oxford Instruments on Monday to 'hold' from 'buy' as it said the risk and rewards are fairly balanced.
The bank noted that the shares have had a strong run, up 49% year to date and 63% over the past 12 months as the company has delivered its self-help strategy and benefited from semiconductor tailwinds, especially its exposure to compound semiconductor demand.

"With minimal changes to consensus forecasts, the significant re-rating has pushed the valuation to a level that, in our view, fairly reflects the risks and rewards," it said. "We believe further large orders in the Advanced Technologies (AT) division are needed to justify this valuation."

Berenberg said the share price is reflecting these orders being announced at the FY26 results on 9 June, providing scope for disappointment if the order book does not materially grow.

The bank said it was expanding its international peer group to include more listed semiconductor wafer fabrication equipment (WFE) peers. These increased multiples have led Berenberg to lift the price target on Oxford Instruments to 3,000p from 2,700p. It said the higher price target provides minimal upside.

At 1038 BST, the shares were down 1.8% at 2,902p.

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

 

OXIG Market Data

Currency UK Pounds
Price 2,760.00p
Change Today 0.000p
52 Week High 3,302.00p
52 Week Low 1,766.00p
Volume 0
Shares Issued 54.97m
Market Cap £1,517.11m

Performance Indicators

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What The Brokers Say

Strong Buy 3
Buy 2
Neutral 2
Sell 0
Strong Sell 0
Total 7
buy
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