UBS Group Reiterates “Neutral” Rating for Bodycote (LON:BOY)

UBS Group reaffirmed their neutral rating on shares of Bodycote (LON:BOY) in a research report sent to investors on Monday morning, ThisIsMoney.Co.Uk reports.

Several other research analysts have also recently commented on BOY. Numis Securities reaffirmed a hold rating on shares of Bodycote in a report on Thursday, May 16th. Deutsche Bank reiterated a hold rating on shares of Bodycote in a research report on Monday, April 15th. Morgan Stanley reiterated an equal weight rating on shares of Bodycote in a research report on Thursday, July 11th. Berenberg Bank reduced their price target on shares of Bodycote from GBX 940 ($12.28) to GBX 845 ($11.04) and set a hold rating on the stock in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of 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. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Bodycote has a consensus rating of Hold and a consensus price target of GBX 874.23 ($11.42).

Shares of BOY traded down GBX 12.50 ($0.16) during mid-day trading on Monday, hitting GBX 714 ($9.33). 120,045 shares of the company’s stock were exchanged, compared to its average volume of 483,340. Bodycote has a 52 week low of GBX 673 ($8.79) and a 52 week high of GBX 1,029 ($13.45). The stock has a 50-day moving average of GBX 789.92. The stock has a market capitalization of $1.37 billion and a price-to-earnings ratio of 13.63. 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 business also recently announced a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 10th will be given a GBX 6 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a yield of 0.8%. Bodycote’s dividend payout ratio is currently 0.36%.

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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