Bodycote (LON:BOY) had its target price trimmed by Jefferies Financial Group from GBX 1,030 ($13.55) to GBX 700 ($9.21) in a research report released on Thursday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.

BOY has been the subject of a number of other reports. Goldman Sachs Group increased their price target on shares of Bodycote from GBX 700 ($9.21) to GBX 720 ($9.47) and gave the stock a sell rating in a research note on Monday, January 13th. Royal Bank of Canada raised shares of Bodycote to an outperform rating and decreased their price target for the stock from GBX 1,000 ($13.15) to GBX 775 ($10.19) in a research note on Thursday. Barclays decreased their price target on shares of Bodycote from GBX 910 ($11.97) to GBX 670 ($8.81) and set an equal weight rating for the company in a research note on Wednesday. Liberum Capital reissued a hold rating on shares of Bodycote in a research note on Thursday, March 12th. Finally, Peel Hunt reissued a buy rating on shares of Bodycote in a research note on Thursday, March 12th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Bodycote currently has an average rating of Hold and a consensus target price of GBX 771.79 ($10.15).

Shares of LON:BOY traded up GBX 46 ($0.61) during midday trading on Thursday, hitting GBX 479 ($6.30). 664,506 shares of the stock traded hands, compared to its average volume of 483,340. Bodycote has a one year low of GBX 636.50 ($8.37) and a one year high of GBX 975 ($12.83). The stock has a market capitalization of $917.07 million and a PE ratio of 9.14. The business’s 50 day moving average is GBX 760.43 and its two-hundred day moving average is GBX 801.62. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 17.82.

The business also recently declared a dividend, which will be paid on Friday, June 5th. Investors of record on Thursday, April 23rd will be paid a GBX 14 ($0.18) dividend. This is an increase from Bodycote’s previous dividend of $6.00. This represents a yield of 2.6%. The ex-dividend date is Thursday, April 23rd. Bodycote’s dividend payout ratio is presently 0.36%.

About Bodycote

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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