Morgan Stanley reissued their equal weight rating on shares of Bodycote (LON:BOY) in a research note issued to investors on Thursday morning, ThisIsMoney.Co.Uk reports.
Several other equities analysts have also recently weighed in on BOY. Berenberg Bank dropped their price objective on Bodycote from GBX 845 ($11.04) to GBX 735 ($9.60) and set a hold rating on the stock in a research note on Tuesday, August 20th. HSBC lowered shares of Bodycote to a hold rating and reduced their target price for the stock from GBX 885 ($11.56) to GBX 725 ($9.47) in a research note on Wednesday, October 23rd. Credit Suisse Group reiterated an outperform rating on shares of Bodycote in a report on Thursday, October 17th. UBS Group reiterated a neutral rating on shares of Bodycote in a report on Friday, November 15th. Finally, Jefferies Financial Group restated a buy rating and set a GBX 925 ($12.09) price target on shares of Bodycote in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Bodycote presently has an average rating of Hold and a consensus price target of GBX 813.85 ($10.63).
Shares of Bodycote stock opened at GBX 874 ($11.42) on Thursday. The stock has a fifty day simple moving average of GBX 789.82 and a 200 day simple moving average of GBX 758.43. Bodycote has a 12-month low of GBX 638.50 ($8.34) and a 12-month high of GBX 909.50 ($11.88). The company has a market capitalization of $1.67 billion and a P/E ratio of 16.68. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 17.82.
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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