Morgan Stanley Reaffirms Equal weight Rating for Bodycote (LON:BOY)
Morgan Stanley reissued their equal weight rating on shares of Bodycote (LON:BOY) in a report issued on Thursday, ThisIsMoney.Co.Uk reports.
Several other analysts have also recently weighed in on the stock. Deutsche Bank reiterated a buy rating and issued a $18.00 price target on shares of STMicroelectronics in a report on Monday, April 15th. UBS Group reiterated a buy rating and issued a $25.00 price target on shares of Infineon Technologies in a report on Tuesday, May 7th. Peel Hunt reiterated a buy rating on shares of Lookers in a report on Monday, July 8th. Goldman Sachs Group cut shares of EXPERIAN PLC/ADR from a buy rating to a neutral rating in a report on Wednesday. Finally, Liberum Capital restated a sell rating on shares of Marks and Spencer Group in a report on Friday, May 24th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Bodycote has a consensus rating of Hold and a consensus target price of GBX 898.85 ($11.75).
LON:BOY opened at GBX 762 ($9.96) on Thursday. The company has a market capitalization of $1.46 billion and a PE ratio of 14.06. The firm has a fifty day moving average of GBX 798.76. Bodycote has a twelve month low of GBX 673 ($8.79) and a twelve month high of GBX 1,056 ($13.80). The company has a current ratio of 1.19, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32.
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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