Bodycote PLC’s (BOY) “Buy” Rating Reaffirmed at Canaccord Genuity
BOY has been the topic of several other research reports. Credit Suisse Group AG restated an outperform rating on shares of Bodycote PLC in a research report on Monday, October 3rd. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 500 ($6.19) price objective on shares of Bodycote PLC in a report on Monday, June 27th. HSBC reaffirmed a buy rating and issued a GBX 675 ($8.35) price objective on shares of Bodycote PLC in a report on Tuesday, August 16th. Panmure Gordon reaffirmed a buy rating and issued a GBX 685 ($8.48) price objective on shares of Bodycote PLC in a report on Tuesday, July 12th. Finally, N+1 Singer lifted their price objective on Bodycote PLC from GBX 635 ($7.86) to GBX 690 ($8.54) and gave the company a buy rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of GBX 655.23 ($8.11).
Shares of Bodycote PLC (LON:BOY) opened at 630.00 on Wednesday. Bodycote PLC has a 12-month low of GBX 489.90 and a 12-month high of GBX 640.50. The firm’s market cap is GBX 1.20 billion. The company has a 50 day moving average price of GBX 602.05 and a 200 day moving average price of GBX 590.94.
The firm also recently declared a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be given a dividend of GBX 5 ($0.06) per share. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.84%.
In related news, insider Landless,David F sold 55,335 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of GBX 601 ($7.44), for a total transaction of £332,563.35 ($411,588.30).
About Bodycote PLC
Bodycote plc is a provider of thermal processing services. The Company has six segments, split between Aerospace, Defense and Energy (ADE) and Automotive and General Industrial (AGI) business areas: ADE-Western Europe; ADE-North America; ADE-Emerging markets; AGI-Western Europe; AGI-North America, and AGI-Emerging markets.
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