Bodycote plc (LON:BOY) Given Average Recommendation of “Buy” by Brokerages

Shares of Bodycote plc (LON:BOYGet Rating) have received a consensus recommendation of “Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 870 ($11.34).

A number of brokerages recently issued reports on BOY. Barclays reduced their price target on Bodycote from GBX 835 ($10.88) to GBX 800 ($10.42) and set an “equal weight” rating on the stock in a research report on Thursday, March 17th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 800 ($10.42) target price on shares of Bodycote in a research note on Thursday, March 24th. Finally, JPMorgan Chase & Co. cut their target price on Bodycote from GBX 770 ($10.03) to GBX 750 ($9.77) and set an “underweight” rating for the company in a research note on Tuesday, March 15th.

Shares of LON:BOY opened at GBX 617.50 ($8.05) on Thursday. The company has a market capitalization of £1.18 billion and a P/E ratio of 19.82. Bodycote has a 1 year low of GBX 588.50 ($7.67) and a 1 year high of GBX 1,007 ($13.12). The company has a debt-to-equity ratio of 22.79, a current ratio of 0.75 and a quick ratio of 0.64. The business’s 50 day simple moving average is GBX 696.01 and its 200 day simple moving average is GBX 792.46.

The company also recently declared a dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Thursday, April 21st will be paid a GBX 13.80 ($0.18) dividend. This represents a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, April 21st. Bodycote’s payout ratio is 0.63%.

In related news, insider Daniel A. Dayan acquired 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 6th. The stock was acquired at an average cost of GBX 635 ($8.27) per share, for a total transaction of £101,600 ($132,395.10). Also, insider Daniel A. Dayan acquired 29,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 15th. The stock was bought at an average price of GBX 677 ($8.82) per share, with a total value of £199,715 ($260,248.89).

Bodycote Company Profile (Get Rating)

Bodycote plc provides heat treatment and thermal processing services worldwide. The company operates in two Aerospace, Defence & Energy; and Automotive & General Industrial segments. 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, HIP diffusion bonding, hydrogen brazing, induction brazing, and vacuum and honeycomb brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy.

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Analyst Recommendations for Bodycote (LON:BOY)

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