Bodycote (LON:BOY) had its price target trimmed by Morgan Stanley from GBX 840 ($11.61) to GBX 830 ($11.47) in a research note published on Monday. The firm currently has an underweight rating on the stock.

A number of other equities analysts have also recently weighed in on BOY. Credit Suisse Group restated an outperform rating on shares of Bodycote in a research report on Monday, November 20th. Deutsche Bank cut shares of Bodycote to a hold rating and set a GBX 990 ($13.68) price objective for the company. in a research report on Monday, December 4th. Numis Securities reiterated a hold rating and issued a GBX 925 ($12.78) target price on shares of Bodycote in a research report on Tuesday, December 5th. Barclays reiterated an overweight rating and issued a GBX 1,035 ($14.30) target price on shares of Bodycote in a research report on Monday, December 18th. Finally, Liberum Capital increased their target price on shares of Bodycote from GBX 1,025 ($14.16) to GBX 1,050 ($14.51) and gave the company a buy rating in a research report on Friday, January 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of GBX 1,001.25 ($13.83).

Bodycote stock opened at GBX 930 ($12.85) on Monday. The firm has a market cap of $1,780.00 and a price-to-earnings ratio of 1,937.50. Bodycote has a 12-month low of GBX 728.50 ($10.06) and a 12-month high of GBX 1,043 ($14.41).

Bodycote (LON:BOY) last posted its quarterly earnings data on Tuesday, March 6th. The company reported GBX 49.20 ($0.68) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 47.20 ($0.65) by GBX 2 ($0.03). The company had revenue of £690.20 million during the quarter. Bodycote had a net margin of 12.61% and a return on equity of 13.56%.

The firm also recently announced a dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, April 19th will be given a GBX 37.10 ($0.51) dividend. This represents a dividend yield of 3.96%. This is a boost from Bodycote’s previous dividend of $5.30. The ex-dividend date of this dividend is Thursday, April 19th.

In other Bodycote news, insider Anne Quinn bought 9,000 shares of Bodycote stock in a transaction dated Tuesday, March 6th. The stock was acquired at an average cost of GBX 932 ($12.88) per share, for a total transaction of £83,880 ($115,888.37).

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Bodycote Company Profile

Bodycote plc is a provider of thermal processing services. The Company has six operating segments, split between Aerospace, Defense and Energy (ADE) and Automotive and General Industrial (AGI) business areas: ADE-Western Europe; ADE-North America; ADE-Emerging markets; AGI-Western Europe; AGI-North America, and AGI-Emerging markets.

Analyst Recommendations for Bodycote (LON:BOY)

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