Bodycote plc (LON:BOY) Insider Buys £196,920 in Stock

Bodycote plc (LON:BOY) insider Daniel A. Dayan acquired 36,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were bought at an average price of GBX 547 ($7.10) per share, for a total transaction of £196,920 ($255,673.85).

Bodycote Trading Up 1.1 %

Shares of BOY stock opened at GBX 553 ($7.18) on Monday. Bodycote plc has a 52-week low of GBX 536 ($6.96) and a 52-week high of GBX 774 ($10.05). The company has a debt-to-equity ratio of 20.80, a quick ratio of 0.74 and a current ratio of 0.81. The company has a 50-day simple moving average of GBX 610.25 and a two-hundred day simple moving average of GBX 672.44. The company has a market capitalization of £1.01 billion, a price-to-earnings ratio of 1,675.76, a PEG ratio of 1.44 and a beta of 1.18.

Bodycote Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 3rd will be given a GBX 6.90 ($0.09) dividend. This represents a yield of 0.97%. The ex-dividend date of this dividend is Thursday, October 3rd. Bodycote’s payout ratio is 6,969.70%.

Analyst Upgrades and Downgrades

BOY has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Bodycote from GBX 760 ($9.87) to GBX 750 ($9.74) and set a “neutral” rating on the stock in a report on Thursday, August 1st. Berenberg Bank assumed coverage on shares of Bodycote in a report on Friday, August 30th. They set a “buy” rating and a GBX 800 ($10.39) price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 720 ($9.35) target price on shares of Bodycote in a report on Wednesday, July 31st. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 980 ($12.72) target price on shares of Bodycote in a report on Friday, July 12th.

About Bodycote

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two business areas, Aerospace, Defence & Energy; and Automotive & General Industrial. The company 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 furnace/vacuum 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.