N+1 Singer Raises Bodycote PLC (BOY) Price Target to GBX 690
Bodycote PLC (LON:BOY) had its price objective upped by research analysts at N+1 Singer from GBX 635 ($7.86) to GBX 690 ($8.54) in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the stock. N+1 Singer’s price objective points to a potential upside of 10.05% from the stock’s current price.
A number of other research analysts also recently issued reports on BOY. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 510 ($6.31) price target on shares of Bodycote PLC in a research report on Wednesday, June 15th. HSBC restated a “buy” rating and issued a GBX 675 ($8.35) price target on shares of Bodycote PLC in a research report on Thursday, June 30th. Panmure Gordon reiterated a “buy” rating and set a GBX 685 ($8.48) target price on shares of Bodycote PLC in a research report on Tuesday, July 12th. Numis Securities Ltd downgraded shares of Bodycote PLC to an “add” rating and set a GBX 655 ($8.11) target price on the stock. in a research report on Friday, July 29th. Finally, Royal Bank Of Canada boosted their target price 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 research report on Monday, August 1st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Bodycote PLC has an average rating of “Buy” and an average target price of GBX 655.23 ($8.11).
Shares of Bodycote PLC (LON:BOY) traded up 1.05% on Wednesday, hitting GBX 627.00. 446,461 shares of the stock were exchanged. The stock’s 50-day moving average is GBX 602.05 and its 200-day moving average is GBX 590.94. Bodycote PLC has a 1-year low of GBX 489.90 and a 1-year high of GBX 640.50. The stock’s market cap is GBX 1.19 billion.
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The company also recently announced a dividend, which will be paid on Friday, November 4th. Stockholders 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 other news, insider Landless,David F sold 55,335 shares of the company’s stock in a transaction on 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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