Barclays PLC Begins Coverage on Bodycote PLC (BOY)
Barclays PLC assumed coverage on shares of Bodycote PLC (LON:BOY) in a research note published on Wednesday morning. The firm issued an overweight rating and a GBX 1,025 ($13.60) price objective on the stock.
Several other brokerages have also commented on BOY. Berenberg Bank assumed coverage on Bodycote PLC in a research note on Wednesday, September 6th. They set a hold rating and a GBX 910 ($12.07) price target for the company. Deutsche Bank AG increased their target price on Bodycote PLC from GBX 880 ($11.67) to GBX 990 ($13.13) and gave the company a buy rating in a research note on Wednesday, September 13th. Peel Hunt increased their target price on Bodycote PLC from GBX 900 ($11.94) to GBX 965 ($12.80) and gave the company a buy rating in a research note on Friday, August 25th. HSBC Holdings plc reiterated a hold rating and issued a GBX 900 ($11.94) target price on shares of Bodycote PLC in a research note on Friday, September 29th. Finally, Credit Suisse Group reiterated an outperform rating and issued a GBX 910 ($12.07) target price on shares of Bodycote PLC in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of GBX 850.71 ($11.28).
Bodycote PLC (BOY) opened at 951.00 on Wednesday. Bodycote PLC has a 52 week low of GBX 553.00 and a 52 week high of GBX 980.00. The stock’s market cap is GBX 1.81 billion. The stock has a 50 day moving average price of GBX 933.80 and a 200 day moving average price of GBX 843.91.
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The firm also recently declared a dividend, which will be paid on Friday, November 3rd. Investors of record on Thursday, October 5th will be issued a GBX 5.30 ($0.07) dividend. This represents a yield of 0.59%. The ex-dividend date is Thursday, October 5th.
In related news, insider Stephen C. Harris sold 8,626 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of GBX 909 ($12.06), for a total value of £78,410.34 ($104,006.29).
About Bodycote PLC
Bodycote plc is a provider of thermal processing services. The Company has six operating 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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