Bodycote (BOY) Lifted to Buy at HSBC

HSBC upgraded shares of Bodycote (LON:BOY) to a buy rating in a research note released on Friday morning. HSBC currently has GBX 1,100 ($14.33) price target on the stock.

Several other brokerages have also weighed in on BOY. Deutsche Bank reiterated a hold rating on shares of Bodycote in a research report on Friday, July 27th. UBS Group reiterated a buy rating on shares of Bodycote in a research report on Monday, July 30th. Berenberg Bank lifted their target price on shares of Bodycote from GBX 1,100 ($14.33) to GBX 1,120 ($14.59) and gave the company a buy rating in a research report on Monday, August 13th. Panmure Gordon lowered shares of Bodycote to a sell rating and set a GBX 860 ($11.20) target price on the stock. in a research report on Tuesday, August 21st. Finally, Credit Suisse Group reiterated an outperform rating on shares of Bodycote in a research report on Thursday, August 23rd. 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. The stock presently has a consensus rating of Buy and an average target price of GBX 1,008.21 ($13.13).

LON BOY opened at GBX 901 ($11.74) on Friday. The firm has a market capitalization of $1.78 billion and a price-to-earnings ratio of 1,864.58. Bodycote has a 52-week low of GBX 728.50 ($9.49) and a 52-week high of GBX 1,043 ($13.59).

The firm also recently announced a dividend, which will be paid on Friday, November 2nd. Stockholders of record on Thursday, October 4th will be given a dividend of GBX 5.70 ($0.07) per share. The ex-dividend date of this dividend is Thursday, October 4th. This represents a dividend yield of 0.55%.

In other Bodycote news, insider Stephen C. Harris bought 11,234 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were acquired at an average cost of GBX 890 ($11.59) per share, for a total transaction of £99,982.60 ($130,236.55).

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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