Bodycote (LON:BOY) had its target price lowered by UBS Group from GBX 1,000 ($13.15) to GBX 740 ($9.73) in a research note released on Thursday morning, Stock Target Advisor reports. The firm currently has a buy rating on the stock.

Several other analysts also recently commented on BOY. Morgan Stanley downgraded shares of Bodycote to an underweight rating and decreased their price objective for the company from GBX 810 ($10.66) to GBX 770 ($10.13) in a research report on Wednesday, February 19th. Liberum Capital reaffirmed a hold rating on shares of Bodycote in a research note on Thursday, March 12th. Jefferies Financial Group lifted their price target on shares of Bodycote from GBX 925 ($12.17) to GBX 1,030 ($13.55) and gave the stock a buy rating in a research note on Monday, January 13th. Berenberg Bank dropped their price target on shares of Bodycote from GBX 860 ($11.31) to GBX 810 ($10.66) and set a hold rating for the company in a research note on Monday, March 9th. Finally, JPMorgan Chase & Co. cut shares of Bodycote to an underweight rating and lifted their price target for the stock from GBX 750 ($9.87) to GBX 775 ($10.19) in a research note on Monday, December 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Bodycote has a consensus rating of Hold and a consensus price target of GBX 771.79 ($10.15).

BOY traded up GBX 46 ($0.61) during trading on Thursday, hitting GBX 479 ($6.30). The company’s stock had a trading volume of 664,506 shares, compared to its average volume of 483,340. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 17.82. Bodycote has a one year low of GBX 636.50 ($8.37) and a one year high of GBX 975 ($12.83). The firm has a market cap of $917.07 million and a PE ratio of 9.14. The business’s 50 day simple moving average is GBX 760.43 and its 200-day simple moving average is GBX 801.62.

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