Bodycote (LON:BOY) had its price objective dropped by analysts at Peel Hunt from GBX 925 ($12.09) to GBX 820 ($10.71) in a research note issued on Monday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s price objective points to a potential upside of 18.58% from the company’s previous close.
Several other brokerages also recently weighed in on BOY. UBS Group reaffirmed a “neutral” rating on shares of Bodycote in a report on Thursday, September 12th. Jefferies Financial Group decreased their price objective on shares of Bodycote from GBX 1,025 ($13.39) to GBX 995 ($13.00) and set a “buy” rating on the stock in a report on Wednesday, July 24th. Morgan Stanley reissued an “equal weight” rating on shares of Bodycote in a report on Thursday, July 11th. Credit Suisse Group reissued an “outperform” rating on shares of Bodycote in a report on Thursday, October 17th. Finally, Berenberg Bank decreased their price objective on shares of 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Bodycote has a consensus rating of “Hold” and an average price target of GBX 844.62 ($11.04).
Shares of LON:BOY opened at GBX 691.50 ($9.04) on Monday. The company has a market cap of $1.32 billion and a price-to-earnings ratio of 13.20. The firm’s 50-day simple moving average is GBX 706.71 and its 200-day simple moving average is GBX 768.97. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 17.82. Bodycote has a fifty-two week low of GBX 638.50 ($8.34) and a fifty-two week high of GBX 909.50 ($11.88).
In other Bodycote news, insider Dominique Yates purchased 30,000 shares of Bodycote stock in a transaction on Tuesday, August 27th. The shares were bought at an average price 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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