Bodycote PLC (BOY) Downgraded by Bank of America Corporation to ” Underperform”
Bodycote PLC (LON:BOY) was downgraded by equities research analysts at Bank of America Corporation to a ” underperform” rating in a research note issued on Wednesday. They currently have a GBX 650 ($7.90) price objective on the stock, down from their previous price objective of GBX 670 ($8.15). Bank of America Corporation’s price objective would indicate a potential upside of 0.93% from the stock’s previous close.
BOY has been the topic of a number of other research reports. Credit Suisse Group reissued an “outperform” rating on shares of Bodycote PLC in a research report on Monday, October 3rd. N+1 Singer raised their target price on shares of Bodycote PLC from GBX 635 ($7.72) to GBX 690 ($8.39) and gave the company a “buy” rating in a research note on Wednesday, October 12th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 680 ($8.27) target price on shares of Bodycote PLC in a research note on Wednesday, October 12th. Jefferies Group reiterated a “buy” rating and issued a GBX 690 ($8.39) target price on shares of Bodycote PLC in a report on Tuesday, November 1st. Finally, Beaufort Securities reiterated a “buy” rating on shares of Bodycote PLC in a report on Monday, November 21st. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 665.36 ($8.09).
Bodycote PLC (LON:BOY) traded down 2.95% during mid-day trading on Wednesday, reaching GBX 625.00. 1,218,508 shares of the company’s stock traded hands. Bodycote PLC has a 12 month low of GBX 493.30 and a 12 month high of GBX 664.50. The stock’s market capitalization is GBX 1.19 billion. The firm’s 50-day moving average price is GBX 614.34 and its 200 day moving average price is GBX 596.31.
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Bodycote PLC Company Profile
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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