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magazineOxford Instruments successfully backing the world-changing boffins
OXFORD INSTRUMENTS (OXIG) £19.64
Gain to date: 44.1%
Original entry point: Buy at £13.60, 7 November 2019
While the surge in other stocks have grabbed headlines Oxford Instruments (OXIG) has relatively quietly gone about its business, paying off brilliantly for investors.
The cutting edge science tools designer and maker has demonstrated beyond doubt its world class expertise and the enormous value it brings to the wider scientific community.
This comes as no surprise to Shares. Living in a world of climate change, ageing populations, pressure on food and water supplies and depleting raw materials, mankind is facing some of the stiffest challenges in its 200,000-odd year history. Oxford Instruments remains among the leading lights in arming scientific boffins, health researchers and technology trailblazers with the tools to meet these tests.
Which makes us confident that even trading on a March 2022 price to earnings (PE) multiple of 28.5, the company’s growth, margin expansion and free cash flows continue to make this a great stock to own for years to come.
SHARES SAYS: Forecast upgrade potential remains high, still a buy for the long-run.
Important information:
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
