Deutsche Bank AG Increases Bodycote PLC (BOY) Price Target to GBX 990
Bodycote PLC (LON:BOY) had its target price increased by investment analysts at Deutsche Bank AG from GBX 880 ($11.37) to GBX 990 ($12.79) in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s target price suggests a potential upside of 6.62% from the stock’s previous close.
Other analysts also recently issued reports about the company. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 850 ($10.98) target price on shares of Bodycote PLC in a research note on Thursday, May 18th. Peel Hunt raised their target price on Bodycote PLC from GBX 900 ($11.62) to GBX 965 ($12.46) and gave the stock a “buy” rating in a research note on Friday, August 25th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 910 ($11.75) target price on shares of Bodycote PLC in a research note on Thursday, July 27th. Berenberg Bank initiated coverage on Bodycote PLC in a research note on Wednesday, September 6th. They issued a “hold” rating and a GBX 910 ($11.75) target price for the company. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 770 ($9.94) target price on shares of Bodycote PLC in a research note on Thursday, May 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Bodycote PLC has a consensus rating of “Buy” and a consensus price target of GBX 833.46 ($10.76).
Shares of Bodycote PLC (LON:BOY) traded down 2.21% during mid-day trading on Wednesday, hitting GBX 928.50. 860,828 shares of the stock were exchanged. The company has a 50-day moving average price of GBX 931.09 and a 200-day moving average price of GBX 831.85. Bodycote PLC has a 12 month low of GBX 553.00 and a 12 month high of GBX 980.00. The stock’s market cap is GBX 1.77 billion.
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In related news, insider Stephen C. Harris sold 8,626 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of GBX 909 ($11.74), for a total transaction of £78,410.34 ($101,266.10).
Bodycote PLC Company Profile
Bodycote plc is a provider of thermal processing services. The Company has six operating 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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