Bodycote (LON:BOY) Given “Neutral” Rating at UBS Group

UBS Group reiterated their neutral rating on shares of Bodycote (LON:BOY) in a report published on Thursday morning, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also commented on the company. Peel Hunt reissued a buy rating on shares of Bodycote in a report on Tuesday, August 6th. Morgan Stanley reissued an equal weight rating on shares of Bodycote in a report on Thursday, July 11th. JPMorgan Chase & Co. lowered their price target 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. Berenberg Bank lowered their price target on Bodycote from GBX 845 ($11.04) to GBX 735 ($9.60) and set a hold rating on the stock in a report on Tuesday, August 20th. Finally, Numis Securities reissued a hold rating on shares of Bodycote in a report on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 876.25 ($11.45).

Shares of BOY opened at GBX 760.50 ($9.94) on Thursday. The firm has a market capitalization of $1.46 billion and a price-to-earnings ratio of 14.51. The company has a debt-to-equity ratio of 17.82, a quick ratio of 0.83 and a current ratio of 0.92. Bodycote has a one year low of GBX 646 ($8.44) and a one year high of GBX 938.50 ($12.26). The stock’s fifty day moving average is GBX 713.31 and its 200-day moving average is GBX 789.76.

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

In other news, insider Dominique Yates bought 30,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average cost of GBX 701 ($9.16) per share, with a total value of £210,300 ($274,794.20).

Bodycote Company Profile

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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