Bodycote (LON:BOY)‘s stock had its “neutral” rating reiterated by equities research analysts at UBS Group in a research note issued on Friday, Stock Target Advisor reports.
Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Bodycote from GBX 800 ($10.45) to GBX 750 ($9.80) and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Peel Hunt reduced their target price on shares of Bodycote from GBX 925 ($12.09) to GBX 820 ($10.71) and set a “buy” rating on the stock in a report on Monday, October 21st. Bank of America reduced their target price on shares of Bodycote from GBX 750 ($9.80) to GBX 700 ($9.15) and set an “underperform” rating on the stock in a report on Thursday, October 10th. Royal Bank of Canada reissued an “outperform” rating on shares of Bodycote in a report on Wednesday, October 9th. Finally, HSBC lowered shares of Bodycote to a “hold” rating and reduced their target price for the stock from GBX 885 ($11.56) to GBX 725 ($9.47) in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 820.38 ($10.72).
BOY traded up GBX 3.50 ($0.05) during trading on Friday, reaching GBX 817 ($10.68). 298,833 shares of the company’s stock were exchanged, compared to its average volume of 483,340. Bodycote has a one year low of GBX 638.50 ($8.34) and a one year high of GBX 909.50 ($11.88). The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 17.82. The stock has a market capitalization of $1.55 billion and a PE ratio of 15.59. The firm has a fifty day moving average price of GBX 717.83 and a two-hundred day moving average price of GBX 756.13.
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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