Liberum Capital reiterated their buy rating on shares of Bodycote (LON:BOY) in a research note published on Wednesday morning. Liberum Capital currently has a GBX 1,050 ($15.03) target price on the stock.
Several other equities analysts have also weighed in on BOY. Deutsche Bank reaffirmed a hold rating and set a GBX 990 ($14.18) price objective on shares of Bodycote in a research report on Wednesday, April 11th. Barclays reaffirmed an overweight rating on shares of Bodycote in a research report on Tuesday, January 16th. Peel Hunt raised their price objective on shares of Bodycote from GBX 965 ($13.82) to GBX 1,000 ($14.32) and gave the company a buy rating in a research report on Tuesday, March 13th. Numis Securities reaffirmed a hold rating and set a GBX 925 ($13.24) price objective on shares of Bodycote in a research report on Wednesday, February 14th. Finally, Jefferies Group reaffirmed a buy rating and set a GBX 1,100 ($15.75) price objective (up previously from GBX 980 ($14.03)) on shares of Bodycote in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Bodycote has a consensus rating of Buy and a consensus price target of GBX 993.46 ($14.22).
Shares of BOY opened at GBX 906 ($12.97) on Wednesday. The company has a market cap of $1,780.00 and a P/E ratio of 1,864.58. Bodycote has a twelve month low of GBX 728.50 ($10.43) and a twelve month high of GBX 1,043 ($14.93).
Bodycote (LON:BOY) last issued its quarterly earnings data on Tuesday, March 6th. The company reported GBX 49.20 ($0.70) earnings per share for the quarter, beating the consensus estimate of GBX 47.20 ($0.68) by GBX 2 ($0.03). The firm had revenue of £690.20 million for the quarter. Bodycote had a net margin of 12.61% and a return on equity of 13.56%.
The company also recently declared a dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, April 19th will be given a GBX 37.10 ($0.53) dividend. This is a positive change from Bodycote’s previous dividend of $5.30. The ex-dividend date is Thursday, April 19th. This represents a dividend yield of 3.96%.
In other news, insider Anne Quinn purchased 9,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were bought at an average price of GBX 932 ($13.34) per share, with a total value of £83,880 ($120,103.09).
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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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