Bodycote (LON:BOY) Upgraded by UBS Group to Buy

UBS Group upgraded shares of Bodycote (LON:BOY) to a buy rating in a report released on Tuesday morning, Stock Target Advisor reports. UBS Group currently has GBX 1,000 ($13.15) target price on the stock, up from their previous target price of GBX 845 ($11.12).

A number of other equities analysts have also recently issued reports on BOY. Jefferies Financial Group reiterated a buy rating and issued a GBX 925 ($12.17) target price on shares of Bodycote in a report on Wednesday, November 20th. JPMorgan Chase & Co. cut shares of Bodycote to an underweight rating and upped their price objective for the stock from GBX 750 ($9.87) to GBX 775 ($10.19) in a research report on Monday. Berenberg Bank lowered their target price on shares of Bodycote from GBX 845 ($11.12) to GBX 735 ($9.67) and set a hold rating on the stock in a research note on Tuesday, August 20th. Morgan Stanley reiterated an equal weight rating on shares of Bodycote in a research report on Thursday, December 5th. Finally, Peel Hunt reissued a buy rating on shares of Bodycote in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 830 ($10.92).

LON BOY opened at GBX 879.50 ($11.57) on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 17.82. Bodycote has a 52 week low of GBX 638.50 ($8.40) and a 52 week high of GBX 909.50 ($11.96). The business has a 50 day moving average price of GBX 805.51 and a 200-day moving average price of GBX 759.82. The company has a market cap of $1.68 billion and a price-to-earnings ratio of 16.78.

About Bodycote

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.

See Also: Why is the ex-dividend date different from the record date?

Analyst Recommendations for Bodycote (LON:BOY)

Receive News & Ratings for Bodycote Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bodycote and related companies with's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit