Numis Securities reissued their hold rating on shares of Bodycote (LON:BOY) in a research note published on Thursday morning, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also recently issued reports on BOY. Deutsche Bank restated a hold rating on shares of Bodycote in a research note on Monday, April 15th. Goldman Sachs Group reiterated a sell rating on shares of Bodycote in a research report on Friday, April 12th. Berenberg Bank reiterated a hold rating and set a GBX 940 ($12.28) target price (up previously from GBX 915 ($11.96)) on shares of Bodycote in a research report on Thursday, March 21st. Liberum Capital reiterated a hold rating on shares of Bodycote in a research report on Thursday, March 21st. Finally, Peel Hunt reiterated a buy rating and set a GBX 925 ($12.09) target price on shares of Bodycote in a research report on Monday, April 29th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 911.79 ($11.91).
Shares of BOY stock traded up GBX 0.50 ($0.01) during mid-day trading on Thursday, reaching GBX 809.50 ($10.58). The company’s stock had a trading volume of 106,040 shares, compared to its average volume of 483,340. Bodycote has a 1-year low of GBX 673 ($8.79) and a 1-year high of GBX 1,077 ($14.07). The stock has a market cap of $1.54 billion and a price-to-earnings ratio of 14.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.19.
The company also recently announced a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, April 18th will be given a dividend of GBX 33.20 ($0.43) per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 3.99%. This is a boost from Bodycote’s previous dividend of $5.70. Bodycote’s dividend payout ratio (DPR) is 0.35%.
In other Bodycote news, insider Stephen C. Harris sold 61,882 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of GBX 858 ($11.21), for a total transaction of £530,947.56 ($693,777.03).
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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