Bodycote (LON:BOY) had its price objective dropped by analysts at Liberum Capital from GBX 740 ($9.67) to GBX 700 ($9.15) in a report issued on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “hold” rating on the stock. Liberum Capital’s price objective would suggest a potential upside of 7.36% from the company’s current price.
Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. dropped 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 report on Friday, July 26th. Goldman Sachs Group reiterated a “sell” rating on shares of Bodycote in a research report on Friday, October 11th. Berenberg Bank decreased their price target on shares of Bodycote from GBX 845 ($11.04) to GBX 735 ($9.60) and set a “hold” rating on the stock in a research note on Tuesday, August 20th. Bank of America decreased their price target on shares of Bodycote from GBX 750 ($9.80) to GBX 700 ($9.15) and set an “underperform” rating on the stock in a research note on Thursday, October 10th. Finally, Credit Suisse Group reissued an “outperform” rating and set a GBX 1,060 ($13.85) price target on shares of Bodycote in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Bodycote has a consensus rating of “Hold” and an average target price of GBX 856.54 ($11.19).
Shares of Bodycote stock opened at GBX 652 ($8.52) on Wednesday. Bodycote has a 1 year low of GBX 646 ($8.44) and a 1 year high of GBX 909.50 ($11.88). The firm has a market cap of $1.25 billion and a PE ratio of 12.44. The company has a debt-to-equity ratio of 17.82, a current ratio of 0.92 and a quick ratio of 0.83. The company has a 50 day simple moving average of GBX 708.69 and a two-hundred day simple moving average of GBX 773.90.
In other Bodycote news, insider Dominique Yates purchased 30,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of GBX 701 ($9.16) per share, with a total value of £210,300 ($274,794.20).
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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