Credit Suisse Group Reiterates “Outperform” Rating for Bodycote (BOY)
Bodycote (LON:BOY)‘s stock had its “outperform” rating reaffirmed by research analysts at Credit Suisse Group in a report issued on Thursday.
Other equities research analysts have also recently issued reports about the company. Liberum Capital reiterated a “buy” rating on shares of Bodycote in a report on Wednesday, May 30th. Peel Hunt reiterated a “buy” rating on shares of Bodycote in a report on Wednesday, May 30th. Jefferies Financial Group boosted their target price on Bodycote from GBX 1,100 ($14.06) to GBX 1,105 ($14.13) and gave the stock a “buy” rating in a report on Tuesday, May 29th. Berenberg Bank restated a “buy” rating and set a GBX 1,100 ($14.06) target price on shares of Bodycote in a report on Monday, July 2nd. Finally, UBS Group restated a “buy” rating on shares of Bodycote in a report on Monday, July 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 998.93 ($12.77).
BOY stock opened at GBX 982 ($12.55) on Thursday. Bodycote has a 12-month low of GBX 728.50 ($9.31) and a 12-month high of GBX 1,043 ($13.33). The stock has a market capitalization of $1.78 billion and a P/E ratio of 1,864.58.
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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