Bodycote PLC (BOY) PT Raised to GBX 690
Bodycote PLC (LON:BOY) had its target price increased by analysts at N+1 Singer from GBX 635 ($7.86) to GBX 690 ($8.54) in a report released on Wednesday, StockTargetPrices.com reports. The brokerage presently has a “buy” rating on the stock. N+1 Singer’s target price would suggest a potential upside of 11.20% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on BOY. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 510 ($6.31) price objective on shares of Bodycote PLC in a research note on Wednesday, June 15th. HSBC reiterated a “buy” rating and set a GBX 675 ($8.35) price target on shares of Bodycote PLC in a report on Thursday, June 30th. Panmure Gordon reiterated a “buy” rating and set a GBX 685 ($8.48) price target on shares of Bodycote PLC in a report on Tuesday, July 12th. Numis Securities Ltd lowered shares of Bodycote PLC to an “add” rating and set a GBX 655 ($8.11) price target for the company. in a report on Friday, July 29th. Finally, Royal Bank Of Canada upped their price target on shares of Bodycote PLC from GBX 550 ($6.81) to GBX 590 ($7.30) and gave the company a “sector performer” rating in a report on Monday, August 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Bodycote PLC has an average rating of “Buy” and a consensus target price of GBX 655.23 ($8.11).
Bodycote PLC (LON:BOY) traded up 1.3287% during trading on Wednesday, hitting GBX 628.7443. 254,140 shares of the stock traded hands. Bodycote PLC has a 12 month low of GBX 489.90 and a 12 month high of GBX 640.50. The company has a 50-day moving average price of GBX 601.27 and a 200-day moving average price of GBX 590.68. The stock’s market cap is GBX 1.20 billion.
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The firm also recently declared a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be paid a GBX 5 ($0.06) dividend. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 0.84%.
In related news, insider Landless,David F sold 55,335 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of GBX 601 ($7.44), for a total value of £332,563.35 ($411,588.30).
About Bodycote PLC
Bodycote plc is a provider of thermal processing services. The Company has six 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.
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