Bodycote (BOY) Downgraded by UBS Group to “Neutral”

Bodycote (LON:BOY) was downgraded by stock analysts at UBS Group to a “neutral” rating in a research report issued to clients and investors on Thursday, reports. They presently have a GBX 814 ($10.64) price target on the stock, down from their prior price target of GBX 1,000 ($13.07). UBS Group’s price objective indicates a potential upside of 18.57% from the stock’s previous close.

Several other analysts have also weighed in on BOY. JPMorgan Chase & Co. lowered Bodycote to a “neutral” rating and decreased their price objective for the stock from GBX 1,025 ($13.39) to GBX 855 ($11.17) in a report on Tuesday. Berenberg Bank lifted their price objective on Bodycote from GBX 1,100 ($14.37) to GBX 1,120 ($14.63) and gave the stock a “buy” rating in a report on Monday, August 13th. Liberum Capital lowered Bodycote to a “hold” rating in a research note on Thursday, November 15th. Peel Hunt reaffirmed a “buy” rating on shares of Bodycote in a research note on Monday, November 5th. Finally, Royal Bank of Canada initiated coverage on Bodycote in a research note on Tuesday, November 20th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 988.27 ($12.91).

Shares of LON:BOY opened at GBX 686.50 ($8.97) on Thursday. Bodycote has a 1-year low of GBX 728.50 ($9.52) and a 1-year high of GBX 1,043 ($13.63).

In other Bodycote news, insider Stephen C. Harris acquired 11,234 shares of Bodycote stock in a transaction on Friday, September 7th. The shares were bought at an average price of GBX 890 ($11.63) per share, with a total value of £99,982.60 ($130,644.98). Also, insider Anne Quinn acquired 10,000 shares of Bodycote stock in a transaction on Thursday, October 11th. The stock was acquired at an average cost of GBX 804 ($10.51) per share, for a total transaction of £80,400 ($105,056.84).

Bodycote Company Profile

Bodycote plc provides thermal processing services worldwide. The company operates in two business areas, Aerospace, Defence & Energy; and Automotive & General Industrial. 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, and vacuum and honeycomb brazing; and Hot isostatic pressing (HIP) services, including HIP product fabrication, isostatic pressing, and HIP supporting services.

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Analyst Recommendations for Bodycote (LON:BOY)

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