A number of other analysts have also recently issued reports on the company. Morgan Stanley lowered their price objective on Bodycote from GBX 890 ($11.63) to GBX 830 ($10.85) and set an underweight rating on the stock in a research report on Monday, January 14th. Credit Suisse Group restated an outperform rating on shares of Bodycote in a research report on Wednesday, December 12th. UBS Group cut Bodycote to a neutral rating and lowered their price objective for the company from GBX 1,000 ($13.07) to GBX 814 ($10.64) in a research report on Thursday, December 6th. Goldman Sachs Group cut Bodycote to a sell rating and lowered their price objective for the company from GBX 820 ($10.71) to GBX 715 ($9.34) in a research report on Tuesday, January 8th. Finally, Liberum Capital cut Bodycote to a hold rating in a research report on Thursday, November 15th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 938.14 ($12.26).
Shares of BOY stock opened at GBX 776.50 ($10.15) on Monday. Bodycote has a 12 month low of GBX 728.50 ($9.52) and a 12 month high of GBX 1,043 ($13.63).
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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