Bodycote (BOY) Cut to Sell at Goldman Sachs Group
Goldman Sachs Group cut shares of Bodycote (LON:BOY) to a sell rating in a research note published on Tuesday. The firm currently has GBX 715 ($9.34) price objective on the stock, down from their prior price objective of GBX 820 ($10.71).
A number of other research firms have also recently issued reports on BOY. JPMorgan Chase & Co. cut shares of Bodycote to a neutral rating and lowered their price objective for the stock from GBX 1,025 ($13.39) to GBX 855 ($11.17) in a research report on Tuesday, December 4th. Peel Hunt reiterated a buy rating on shares of Bodycote in a research report on Thursday, November 15th. Liberum Capital cut shares of Bodycote to a hold rating in a research report on Thursday, November 15th. Barclays reiterated an overweight rating on shares of Bodycote in a research report on Monday, September 24th. Finally, Credit Suisse Group reiterated an outperform rating on shares of Bodycote in a research report on Tuesday, October 9th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Bodycote presently has a consensus rating of Hold and an average target price of GBX 958.93 ($12.53).
BOY stock opened at GBX 788.50 ($10.30) on Tuesday. Bodycote has a 1 year low of GBX 728.50 ($9.52) and a 1 year high of GBX 1,043 ($13.63).
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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