Peel Hunt Cuts Bodycote (LON:BOY) Price Target to GBX 820

Bodycote (LON:BOY) had its price objective cut by Peel Hunt from GBX 925 ($12.09) to GBX 820 ($10.71) in a report published on Monday, October 21st, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

BOY has been the subject of a number of other reports. Berenberg Bank dropped their price target on Bodycote from GBX 845 ($11.04) to GBX 735 ($9.60) and set a hold rating for the company in a research note on Tuesday, August 20th. Liberum Capital dropped their price target on Bodycote from GBX 740 ($9.67) to GBX 700 ($9.15) and set a hold rating for the company in a research note on Wednesday, October 16th. Jefferies Financial Group dropped their price target on Bodycote from GBX 1,025 ($13.39) to GBX 995 ($13.00) and set a buy rating for the company in a research note on Wednesday, July 24th. Royal Bank of Canada restated an outperform rating on shares of Bodycote in a research report on Wednesday, October 9th. Finally, Bank of America reduced their price target on Bodycote from GBX 750 ($9.80) to GBX 700 ($9.15) and set an underperform rating on the stock in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Bodycote currently has a consensus rating of Hold and a consensus target price of GBX 820.38 ($10.72).

LON:BOY traded down GBX 6 ($0.08) during mid-day trading on Monday, hitting GBX 810 ($10.58). 202,448 shares of the company traded hands, compared to its average volume of 483,340. The firm has a market cap of $1.55 billion and a price-to-earnings ratio of 15.46. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 17.82. The stock’s fifty day moving average price is GBX 713.16 and its 200-day moving average price is GBX 756.51. Bodycote has a one year low of GBX 638.50 ($8.34) and a one year high of GBX 909.50 ($11.88).

In other news, insider Dominique Yates acquired 30,000 shares of Bodycote stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of GBX 701 ($9.16) per share, for a total transaction of £210,300 ($274,794.20).

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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