Bodycote (LON:BOY)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Barclays in a research report issued to clients and investors on Tuesday, Analyst Price Targets reports. They currently have a GBX 785 ($10.26) price objective on the stock. Barclays‘s target price would suggest a potential downside of 9.41% from the stock’s current price.
Other analysts also recently issued research reports about the company. Peel Hunt restated a “buy” rating and set a GBX 800 ($10.45) target price on shares of Bodycote in a research note on Thursday, May 27th. Peel Hunt restated a “buy” rating and set a GBX 800 ($10.45) target price on shares of Bodycote in a research note on Thursday, May 27th. Finally, Berenberg Bank increased their target price on Bodycote from GBX 825 ($10.78) to GBX 915 ($11.95) and gave the company a “buy” rating in a research note on Wednesday, May 19th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Bodycote has a consensus rating of “Hold” and a consensus price target of GBX 746.67 ($9.76).
Shares of LON:BOY opened at GBX 866.50 ($11.32) on Tuesday. The firm’s 50 day simple moving average is GBX 855.22. Bodycote has a twelve month low of GBX 536 ($7.00) and a twelve month high of GBX 899.50 ($11.75). The company has a market cap of £1.66 billion and a P/E ratio of 4,332.50. The company has a debt-to-equity ratio of 18.90, a quick ratio of 0.54 and a current ratio of 0.63.
Bodycote plc provides heat treatment and thermal processing services worldwide. The company operates through Aerospace, Defence & Energy; and Automotive & General Industrial segments. It offers heat treatment services, including altering the microstructure of metals and alloys, such as steel and aluminum to impart properties comprising surface hardness, temperature resistance, ductility, and strength; metal joining services consisting of electron beam welding, HIP diffusion bonding, hydrogen brazing, induction brazing, and vacuum and honeycomb brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy.
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