Bodycote (BOY) Downgraded to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Bodycote (LON:BOY) to a neutral rating in a report published on Tuesday morning. JPMorgan Chase & Co. currently has GBX 855 ($11.17) target price on the stock, down from their previous target price of GBX 1,025 ($13.39).

BOY has been the topic of a number of other reports. Berenberg Bank raised their price objective on Bodycote from GBX 1,100 ($14.37) to GBX 1,120 ($14.63) and gave the company a buy rating in a report on Monday, August 13th. Panmure Gordon cut Bodycote to a sell rating and set a GBX 860 ($11.24) price objective on the stock. in a report on Tuesday, August 21st. Credit Suisse Group reissued an outperform rating on shares of Bodycote in a report on Thursday, August 23rd. Jefferies Financial Group reissued a buy rating and set a GBX 1,180 ($15.42) price objective on shares of Bodycote in a report on Tuesday, September 4th. Finally, Liberum Capital cut Bodycote to a hold rating and set a GBX 940 ($12.28) price objective on the stock. in a report on Thursday, September 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 988.27 ($12.91).

Shares of BOY opened at GBX 697.50 ($9.11) on Tuesday. Bodycote has a 12-month low of GBX 728.50 ($9.52) and a 12-month high of GBX 1,043 ($13.63).

In related news, insider Anne Quinn purchased 10,000 shares of the firm’s stock in a transaction on Thursday, October 11th. The shares were acquired at an average cost of GBX 804 ($10.51) per share, with a total value of £80,400 ($105,056.84).

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.

See Also: Fundamental Analysis and Choosing Stocks

Analyst Recommendations for Bodycote (LON:BOY)

Receive News & Ratings for Bodycote Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bodycote and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply