Bodycote (LON:BOY) Hits New 1-Year Low at $575.50

Shares of Bodycote plc (LON:BOYGet Rating) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 575.50 ($6.99) and last traded at GBX 576.50 ($7.00), with a volume of 22781 shares traded. The stock had previously closed at GBX 608.50 ($7.39).

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 800 ($9.71) target price on shares of Bodycote in a report on Friday, May 13th. Barclays dropped their target price on shares of Bodycote from GBX 835 ($10.13) to GBX 800 ($9.71) and set an “equal weight” rating on the stock in a report on Thursday, March 17th. Berenberg Bank dropped their target price on shares of Bodycote from GBX 1,030 ($12.50) to GBX 780 ($9.47) and set a “buy” rating on the stock in a report on Wednesday, May 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Bodycote from GBX 750 ($9.10) to GBX 665 ($8.07) and set an “underweight” rating on the stock in a report on Monday, May 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 837.50 ($10.17).

The stock has a market capitalization of £1.10 billion and a P/E ratio of 19.50. The company’s 50-day moving average price is GBX 629.07 and its 200 day moving average price is GBX 724.30. The company has a debt-to-equity ratio of 22.79, a quick ratio of 0.64 and a current ratio of 0.75.

In related news, insider Kevin Boyd acquired 3,000 shares of the stock in a transaction on Wednesday, June 8th. The stock was bought at an average cost of GBX 654 ($7.94) per share, with a total value of £19,620 ($23,813.57). Also, insider Stephen C. Harris sold 8,576 shares of the business’s stock in a transaction dated Friday, March 25th. The shares were sold at an average price of GBX 657 ($7.97), for a total transaction of £56,344.32 ($68,387.33).

About Bodycote (LON:BOY)

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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