Bodycote plc (LON:BOY) Plans Dividend of GBX 6.90

Bodycote plc (LON:BOY) announced a dividend on Tuesday, July 30th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 3rd will be paid a dividend of GBX 6.90 ($0.09) per share on Thursday, November 7th. This represents a yield of 0.97%. The ex-dividend date of this dividend is Thursday, October 3rd. The official announcement can be viewed at this link.

Bodycote Stock Down 0.7 %

LON BOY opened at GBX 695 ($8.94) on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 12.23. Bodycote has a 52 week low of GBX 545 ($7.01) and a 52 week high of GBX 774 ($9.96). The business’s fifty day simple moving average is GBX 716.64 and its 200-day simple moving average is GBX 682.16. The firm has a market cap of £1.30 billion, a PE ratio of 1,546.67, a P/E/G ratio of 1.44 and a beta of 1.19.

Wall Street Analysts Forecast Growth

BOY has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 720 ($9.26) target price on shares of Bodycote in a report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 980 ($12.61) price target on shares of Bodycote in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. increased their price objective on Bodycote from GBX 620 ($7.98) to GBX 710 ($9.13) and gave the stock a “neutral” rating in a research report on Friday, May 31st.

About Bodycote

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two Aerospace, Defence & Energy; and Automotive & General Industrial segments. The company 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, HIP diffusion bonding, hydrogen brazing, induction brazing, and vacuum and honeycomb brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy.