Bodycote (LON:BOY)‘s stock had its “outperform” rating reissued by equities research analysts at Credit Suisse Group in a note issued to investors on Tuesday.
A number of other research analysts also recently weighed in on the company. Panmure Gordon downgraded Bodycote to a “sell” rating and set a GBX 860 ($11.24) price objective on the stock. in a research note on Tuesday, August 21st. Liberum Capital downgraded Bodycote to a “hold” rating and set a GBX 940 ($12.28) price objective on the stock. in a research note on Thursday, September 6th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,180 ($15.42) price objective on shares of Bodycote in a research note on Tuesday, September 4th. Deutsche Bank reissued a “hold” rating on shares of Bodycote in a research note on Friday, July 27th. Finally, UBS Group reissued a “buy” rating on shares of Bodycote in a research note on Monday, July 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Bodycote presently has an average rating of “Buy” and an average price target of GBX 1,008.21 ($13.17).
Shares of BOY stock opened at GBX 865.50 ($11.31) on Tuesday. Bodycote has a twelve month low of GBX 728.50 ($9.52) and a twelve month high of GBX 1,043 ($13.63). The company has a market capitalization of $1.78 billion and a P/E ratio of 1,864.58.
In other Bodycote news, insider Stephen C. Harris purchased 11,234 shares of the company’s stock in a transaction on Friday, September 7th. The shares were bought at an average cost of GBX 890 ($11.63) per share, with a total value of £99,982.60 ($130,644.98).
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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