Bodycote (LON:BOY) Receives “Buy” Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Bodycote (LON:BOY) in a report issued on Monday morning, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also weighed in on BOY. Morgan Stanley upped their price target on shares of Intact Financial from C$125.00 to C$128.00 in a research note on Thursday, May 30th. JPMorgan Chase & Co. set a GBX 4,000 ($52.27) price target on shares of British American Tobacco Plc Ads and gave the stock a buy rating in a research note on Monday, March 11th. Royal Bank of Canada set a €21.50 ($25.00) price target on shares of GEA Group Aktiengesellschaft and gave the stock a neutral rating in a research note on Thursday, March 14th. Deutsche Bank reaffirmed a buy rating and issued a $18.00 price target on shares of STMicroelectronics in a research note on Monday, April 15th. Finally, UBS Group reaffirmed a buy rating and issued a $25.00 price target on shares of Infineon Technologies in a research note on Tuesday, May 7th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 898.85 ($11.75).

Shares of LON:BOY traded down GBX 8 ($0.10) during trading on Monday, reaching GBX 759.50 ($9.92). The company had a trading volume of 216,836 shares, compared to its average volume of 483,340. The business’s fifty day moving average is GBX 799.53. The firm has a market cap of $1.45 billion and a price-to-earnings ratio of 14.01. Bodycote has a twelve month low of GBX 673 ($8.79) and a twelve month high of GBX 1,056 ($13.80). The company has a debt-to-equity ratio of 0.32, a current ratio of 1.19 and a quick ratio of 1.05.



In related news, insider Stephen C. Harris sold 61,882 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of GBX 858 ($11.21), for a total value of £530,947.56 ($693,777.03).

About Bodycote

Bodycote plc provides thermal processing services worldwide. The company operates in two business areas, Aerospace, Defence & Energy; and Automotive & General Industrial. It offers heat treatment services, including altering the microstructure of metals and alloys, such as steel and aluminum to impart properties comprising surface hardness, temperature resistance, ductility, and strength; metal joining services consisting of electron beam welding, and vacuum and honeycomb brazing; and Hot isostatic pressing (HIP) services, including HIP product fabrication, isostatic pressing, and HIP supporting services.

Featured Article: What are different types of coverage ratios?

Analyst Recommendations for Bodycote (LON:BOY)

Receive News & Ratings for Bodycote Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bodycote and related companies with MarketBeat.com's FREE daily email newsletter.