Bodycote PLC’s (BOY) Buy Rating Reaffirmed at Deutsche Bank AG
Bodycote PLC (LON:BOY)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a research note issued on Friday. They presently have a GBX 990 ($13.02) target price on the stock. Deutsche Bank AG’s target price would suggest a potential upside of 6.22% from the stock’s current price.
Several other equities research analysts also recently weighed in on the company. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 850 ($11.18) price target (up previously from GBX 770 ($10.12)) on shares of Bodycote PLC in a report on Monday, July 24th. Liberum Capital reissued a “buy” rating and issued a GBX 910 ($11.96) price target on shares of Bodycote PLC in a report on Thursday, July 27th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 910 ($11.96) price target on shares of Bodycote PLC in a report on Thursday, July 27th. Peel Hunt raised their price target on Bodycote PLC from GBX 900 ($11.83) to GBX 965 ($12.69) and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, HSBC Holdings plc reissued a “hold” rating and issued a GBX 900 ($11.83) price target on shares of Bodycote PLC in a report on Friday, September 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Bodycote PLC currently has a consensus rating of “Buy” and an average target price of GBX 863.85 ($11.36).
In related news, insider Stephen C. Harris sold 8,626 shares of Bodycote PLC stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of GBX 909 ($11.95), for a total transaction of £78,410.34 ($103,090.11).
About Bodycote PLC
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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