Bodycote (LON:BOY) Price Target Lowered to GBX 700 at Liberum Capital

Bodycote (LON:BOY) had its price target reduced by Liberum Capital from GBX 740 ($9.67) to GBX 700 ($9.15) in a research note released on Wednesday morning, Digital Look reports. Liberum Capital currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the company. Credit Suisse Group reiterated an outperform rating and issued a GBX 1,060 ($13.85) price target on shares of Bodycote in a research note on Friday, September 6th. Peel Hunt restated a buy rating on shares of Bodycote in a research report on Tuesday, August 6th. JPMorgan Chase & Co. reduced their price objective on Bodycote from GBX 840 ($10.98) to GBX 800 ($10.45) and set a neutral rating on the stock in a research report on Friday, July 26th. Bank of America reduced their price objective on Bodycote from GBX 750 ($9.80) to GBX 700 ($9.15) and set an underperform rating on the stock in a research report on Thursday, October 10th. Finally, Berenberg Bank reduced their price objective on Bodycote from GBX 845 ($11.04) to GBX 735 ($9.60) and set a hold rating on the stock in a research report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 856.54 ($11.19).

Shares of BOY opened at GBX 683 ($8.92) on Wednesday. Bodycote has a 52-week low of GBX 638.50 ($8.34) and a 52-week high of GBX 909.50 ($11.88). The business’s fifty day moving average is GBX 707.42 and its 200-day moving average is GBX 771.46. The company has a debt-to-equity ratio of 17.82, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a market cap of $1.31 billion and a price-to-earnings ratio of 13.03.

The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 10th will be given a dividend of GBX 6 ($0.08) per share. The ex-dividend date is Thursday, October 10th. This represents a yield of 0.8%. Bodycote’s dividend payout ratio is currently 0.36%.

In other news, insider Dominique Yates acquired 30,000 shares of Bodycote stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average price of GBX 701 ($9.16) per share, for a total transaction of £210,300 ($274,794.20).

About Bodycote

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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Analyst Recommendations for Bodycote (LON:BOY)

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