Bodycote (LON:BOY) Given Hold Rating at Liberum Capital

Liberum Capital restated their hold rating on shares of Bodycote (LON:BOY) in a report released on Wednesday, Stock Target Advisor reports.

Several other research firms have also recently weighed in on BOY. Credit Suisse Group reissued an outperform rating on shares of Bodycote in a research report on Thursday, October 17th. Bank of America cut their price objective on Bodycote from GBX 750 ($9.80) to GBX 700 ($9.15) and set an underperform rating for the company in a research report on Thursday, October 10th. Goldman Sachs Group reissued a sell rating on shares of Bodycote in a research report on Friday, October 11th. JPMorgan Chase & Co. cut their price objective on Bodycote from GBX 800 ($10.45) to GBX 750 ($9.80) and set a neutral rating for the company in a research report on Tuesday, October 22nd. Finally, UBS Group reissued a neutral rating on shares of Bodycote in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Bodycote currently has a consensus rating of Hold and a consensus target price of GBX 815 ($10.65).

Shares of LON BOY traded down GBX 5 ($0.07) during trading hours on Wednesday, hitting GBX 860 ($11.24). 385,784 shares of the company’s stock were exchanged, compared to its average volume of 483,340. Bodycote has a 1-year low of GBX 638.50 ($8.34) and a 1-year high of GBX 909.50 ($11.88). The company has a debt-to-equity ratio of 17.82, a current ratio of 0.92 and a quick ratio of 0.83. The stock has a market capitalization of $1.65 billion and a price-to-earnings ratio of 16.41. The company’s 50-day moving average price is GBX 729.98 and its 200-day moving average price is GBX 755.48.

In other news, insider Dominique Yates purchased 30,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average cost of GBX 701 ($9.16) per share, for a total transaction of £210,300 ($274,794.20).

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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