Brokerages Set Bodycote PLC (LON:BOY) Target Price at GBX 901.67

Bodycote PLC (LON:BOY) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the stock, reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 901.67 ($11.78).

BOY has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Bodycote from GBX 840 ($10.98) to GBX 800 ($10.45) and set a “neutral” rating on the stock in a report on Friday, July 26th. Liberum Capital reissued a “hold” rating on shares of Bodycote in a research note on Thursday, July 25th. Peel Hunt reissued a “buy” rating on shares of Bodycote in a research report on Tuesday, August 6th. Numis Securities restated a “hold” rating on shares of Bodycote in a research note on Thursday, May 16th. Finally, Credit Suisse Group restated an “outperform” rating and set a GBX 1,060 ($13.85) target price on shares of Bodycote in a research note on Friday, September 6th.

Shares of Bodycote stock traded up GBX 25.50 ($0.33) during trading on Friday, hitting GBX 759 ($9.92). The stock had a trading volume of 207,218 shares, compared to its average volume of 483,340. The business has a fifty day moving average of GBX 713.03 and a two-hundred day moving average of GBX 790.11. Bodycote has a fifty-two week low of GBX 646 ($8.44) and a fifty-two week high of GBX 938.50 ($12.26). The firm has a market cap of $1.45 billion and a P/E ratio of 14.48. The company has a debt-to-equity ratio of 17.82, a current ratio of 0.92 and a quick ratio of 0.83.

The firm also recently declared a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 10th will be issued a GBX 6 ($0.08) dividend. The ex-dividend date is Thursday, October 10th. This represents a dividend yield of 0.8%. Bodycote’s dividend payout ratio is 0.36%.

In related news, insider Dominique Yates acquired 30,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of GBX 701 ($9.16) per share, with a total value of £210,300 ($274,794.20).

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.

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Analyst Recommendations for Bodycote (LON:BOY)

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