Bodycote plc (LON:BOY) Announces Dividend of GBX 6.90

Bodycote plc (LON:BOY) announced a dividend on Tuesday, July 30th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 3rd will be paid a dividend of GBX 6.90 ($0.09) per share on Thursday, November 7th. This represents a yield of 0.97%. The ex-dividend date is Thursday, October 3rd. The official announcement can be viewed at this link.

Bodycote Stock Performance

Shares of BOY opened at GBX 593 ($7.93) on Wednesday. The company has a debt-to-equity ratio of 20.80, a quick ratio of 0.74 and a current ratio of 0.81. Bodycote has a 1 year low of GBX 545 ($7.29) and a 1 year high of GBX 774 ($10.35). The firm has a fifty day moving average of GBX 644.80 and a 200-day moving average of GBX 685.56. The company has a market cap of £1.09 billion, a price-to-earnings ratio of 1,815.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 720 ($9.63) price target on shares of Bodycote in a report on Wednesday, July 31st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 980 ($13.11) price target on shares of Bodycote in a research report on Friday, July 12th. JPMorgan Chase & Co. lowered their price target on Bodycote from GBX 760 ($10.17) to GBX 750 ($10.03) and set a “neutral” rating on the stock in a report on Thursday, August 1st. Finally, Berenberg Bank began coverage on shares of Bodycote in a report on Friday, August 30th. They issued a “buy” rating and a GBX 800 ($10.70) price objective for the company.

About Bodycote

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two Aerospace, Defence & Energy; and Automotive & General Industrial segments. The company 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.