Bodycote plc (LON:BOY) Given Average Recommendation of “Hold” by Brokerages


Share on StockTwits

Shares of Bodycote plc (LON:BOY) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 651.25 ($8.51).

Separately, JPMorgan Chase & Co. raised their price target on shares of Bodycote from GBX 635 ($8.30) to GBX 650 ($8.49) and gave the stock an “underweight” rating in a research note on Tuesday, February 9th.

BOY stock traded down GBX 3 ($0.04) during midday trading on Thursday, reaching GBX 753 ($9.84). The stock had a trading volume of 300,219 shares, compared to its average volume of 284,465. Bodycote has a 52-week low of GBX 472.60 ($6.17) and a 52-week high of GBX 874 ($11.42). The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 18.90. The company’s fifty day simple moving average is GBX 820.92 and its 200 day simple moving average is GBX 749.25. The company has a market cap of £1.44 billion and a price-to-earnings ratio of 3,772.50.

The company also recently announced a dividend, which will be paid on Friday, June 4th. Shareholders of record on Thursday, April 22nd will be issued a GBX 13.40 ($0.18) dividend. This represents a yield of 1.67%. This is a positive change from Bodycote’s previous dividend of $6.00. The ex-dividend date is Thursday, April 22nd. Bodycote’s payout ratio is presently 96.50%.

About Bodycote

Bodycote plc provides heat treatment and thermal processing services worldwide. The company operates through Aerospace, Defence & Energy; and Automotive & General Industrial segments. 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, HIP diffusion bonding, hydrogen brazing, induction brazing, and vacuum and honeycomb brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy.

Featured Article: How to calculate compound interest

Analyst Recommendations for Bodycote (LON:BOY)

Receive News & Ratings for Bodycote Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bodycote and related companies with MarketBeat.com's FREE daily email newsletter.