Barclays started coverage on shares of Bodycote (LON:BOY) in a research note issued to investors on Monday morning, Stock Target Advisor reports. The firm issued an equal weight rating and a GBX 910 ($11.97) target price on the stock.
Other analysts have also recently issued research reports about the stock. Peel Hunt restated a buy rating on shares of Bodycote in a report on Wednesday, November 20th. UBS Group upgraded shares of Bodycote to a buy rating and boosted their target price for the company from GBX 845 ($11.12) to GBX 1,000 ($13.15) in a report on Tuesday, December 10th. HSBC cut shares of Bodycote to a hold rating and dropped their target price for the company from GBX 885 ($11.64) to GBX 725 ($9.54) in a report on Wednesday, October 23rd. JPMorgan Chase & Co. cut shares of Bodycote to an underweight rating and boosted their target price for the company from GBX 750 ($9.87) to GBX 775 ($10.19) in a report on Monday, December 9th. Finally, Credit Suisse Group restated an outperform rating on shares of Bodycote in a report on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Bodycote presently has a consensus rating of Hold and a consensus target price of GBX 853.57 ($11.23).
Shares of BOY stock opened at GBX 885.50 ($11.65) on Monday. Bodycote has a 12 month low of GBX 638.50 ($8.40) and a 12 month high of GBX 975 ($12.83). The stock has a market cap of $1.71 billion and a PE ratio of 16.90. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 17.82. The company’s fifty day moving average price is GBX 927.72 and its 200-day moving average price is GBX 790.65.
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.
Further Reading: Cash Flow
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