Bodycote Price Target Increased to GBX 770 by Analysts at Investec (BOY)
Equities research analysts at Investec boosted their price target on shares of Bodycote (LON:BOY) from GBX 750 ($12.36) to GBX 770 ($12.69) in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Investec’s target price indicates a potential upside of 8.60% from the stock’s previous close.
Shares of Bodycote (LON:BOY) opened at 709.50 on Monday. Bodycote has a 52-week low of GBX 440.00 and a 52-week high of GBX 714.00. The stock has a 50-day moving average of GBX 639.2 and a 200-day moving average of GBX 630.3. The company’s market cap is £1.343 billion.
A number of other firms have also recently commented on BOY. Analysts at Numis Securities Ltd downgraded shares of Bodycote to a “hold” rating in a research note to investors on Wednesday, January 8th. They now have a GBX 710 ($11.70) price target on the stock. Separately, analysts at N+1 Singer reiterated a “buy” rating on shares of Bodycote in a research note to investors on Monday, January 6th. They now have a GBX 700 ($11.54) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Bodycote in a research note to investors on Thursday, December 12th. They now have a GBX 760 ($12.52) price target on the stock. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 646.23 ($10.65).
Bodycote plc (LON:BOY) is a specialized plasma spray, high velocity oxy fuel (HVOF) and thermally formed ceramic treatments.
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