Bodycote plc (OTCMKTS:BYPLF – Get Rating) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 200 shares, a growth of 100.0% from the March 15th total of 100 shares. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is presently 0.1 days.
BYPLF stock opened at $8.10 on Friday. Bodycote has a 1 year low of $8.10 and a 1 year high of $8.95. The stock has a 50-day simple moving average of $11.66 and a 200-day simple moving average of $12.53.
Several equities analysts recently commented on the company. Barclays dropped their target price on Bodycote from GBX 835 ($10.88) to GBX 800 ($10.42) in a research note on Thursday, March 17th. Zacks Investment Research upgraded Bodycote from a “sell” rating to a “hold” rating in a research note on Wednesday. Panmure Gordon upgraded Bodycote from a “sell” rating to a “hold” rating in a research note on Tuesday, March 22nd. Finally, Royal Bank of Canada upped their price target on Bodycote from GBX 725 ($9.45) to GBX 800 ($10.42) in a research note on Friday, March 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Bodycote presently has an average rating of “Hold” and a consensus target price of $538.33.
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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