Bodycote (BOY) Given Overweight Rating at Barclays
A number of other analysts have also recently weighed in on the stock. Credit Suisse Group restated an outperform rating on shares of Bodycote in a report on Thursday, August 23rd. Panmure Gordon cut shares of Bodycote to a sell rating and set a GBX 860 ($11.20) target price for the company. in a report on Tuesday, August 21st. Jefferies Financial Group restated a buy rating and set a GBX 1,180 ($15.37) target price on shares of Bodycote in a report on Tuesday, September 4th. Deutsche Bank restated a hold rating on shares of Bodycote in a report on Friday, July 27th. Finally, UBS Group restated a buy rating on shares of Bodycote in a research report on Monday, July 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 993.93 ($12.95).
Shares of LON:BOY opened at GBX 914.50 ($11.91) on Monday. The company has a market cap of $1.78 billion and a P/E ratio of 1,864.58. Bodycote has a 1-year low of GBX 728.50 ($9.49) and a 1-year high of GBX 1,043 ($13.59).
In other news, insider Stephen C. Harris purchased 11,234 shares of Bodycote stock in a transaction that occurred on Friday, September 7th. The stock was acquired at an average price of GBX 890 ($11.59) per share, for a total transaction of £99,982.60 ($130,236.55).
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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