Peel Hunt Cuts Bodycote (LON:BOY) Price Target to GBX 820

Bodycote (LON:BOY) had its target price lowered by investment analysts at Peel Hunt from GBX 925 ($12.09) to GBX 820 ($10.71) in a research report issued on Monday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s target price would suggest a potential upside of 18.58% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group decreased their target price on shares of Bodycote from GBX 1,025 ($13.39) to GBX 995 ($13.00) and set a “buy” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. decreased their target price on shares of Bodycote from GBX 840 ($10.98) to GBX 800 ($10.45) and set a “neutral” rating for the company in a research note on Friday, July 26th. Berenberg Bank decreased their target price on shares of Bodycote from GBX 845 ($11.04) to GBX 735 ($9.60) and set a “hold” rating for the company in a research note on Tuesday, August 20th. Liberum Capital decreased their target price on shares of Bodycote from GBX 740 ($9.67) to GBX 700 ($9.15) and set a “hold” rating for the company in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of Bodycote in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Bodycote presently has an average rating of “Hold” and an average target price of GBX 844.62 ($11.04).

Shares of BOY stock opened at GBX 691.50 ($9.04) on Monday. The company has a market capitalization of $1.32 billion and a PE ratio of 13.20. The firm has a fifty day simple moving average of GBX 706.71 and a 200-day simple moving average of GBX 768.97. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 17.82. Bodycote has a twelve month low of GBX 638.50 ($8.34) and a twelve month high of GBX 909.50 ($11.88).

In related news, insider Dominique Yates acquired 30,000 shares of Bodycote stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of GBX 701 ($9.16) per share, for a total transaction 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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Analyst Recommendations for Bodycote (LON:BOY)

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