Goldman Sachs Group upgraded shares of Bodycote (LON:BOY) to a neutral rating in a report published on Friday morning, Stock Target Advisor reports. They currently have GBX 510 ($6.71) price objective on the stock, down from their previous price objective of GBX 720 ($9.47).

BOY has been the subject of several other research reports. Royal Bank of Canada upgraded shares of Bodycote to an outperform rating and reduced their price target for the company from GBX 1,000 ($13.15) to GBX 775 ($10.19) in a report on Thursday. Morgan Stanley lowered shares of Bodycote to an underweight rating and reduced their price target for the company from GBX 810 ($10.66) to GBX 770 ($10.13) in a report on Wednesday, February 19th. Jefferies Financial Group reduced their price target on shares of Bodycote from GBX 1,030 ($13.55) to GBX 700 ($9.21) and set a buy rating for the company in a report on Thursday. Peel Hunt reiterated a buy rating on shares of Bodycote in a research note on Thursday, March 12th. Finally, Berenberg Bank reduced their price objective 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. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Bodycote presently has a consensus rating of Hold and a consensus price target of GBX 771.79 ($10.15).

Shares of LON:BOY traded up GBX 46 ($0.61) during trading hours on Friday, 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. Bodycote has a 52 week low of GBX 636.50 ($8.37) and a 52 week high of GBX 975 ($12.83). The company has a debt-to-equity ratio of 17.82, a current ratio of 0.92 and a quick ratio of 0.83. The company has a market capitalization of $917.07 million and a price-to-earnings ratio of 9.14. The firm’s fifty day moving average price is GBX 760.43 and its 200 day moving average price is GBX 801.62.

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