A number of other analysts have also recently weighed in on the stock. N+1 Singer raised their target price on shares of Bodycote PLC from GBX 635 ($7.86) to GBX 690 ($8.54) and gave the stock a buy rating in a report on Wednesday. Credit Suisse Group AG reaffirmed an outperform rating on shares of Bodycote PLC in a research note on Monday, October 3rd. JPMorgan Chase & Co. raised shares of Bodycote PLC to a neutral rating and raised their price objective for the stock from GBX 565 ($6.99) to GBX 605 ($7.49) in a research note on Monday, August 22nd. HSBC reaffirmed a buy rating and issued a GBX 675 ($8.35) price objective on shares of Bodycote PLC in a research note on Tuesday, August 16th. Finally, Numis Securities Ltd reaffirmed an add rating and issued a GBX 650 ($8.04) price objective on shares of Bodycote PLC in a research note on Friday, August 12th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of GBX 655.23 ($8.11).
Shares of Bodycote PLC (LON:BOY) opened at 630.00 on Wednesday. The company’s 50-day moving average is GBX 602.05 and its 200-day moving average is GBX 590.94. The stock’s market capitalization is GBX 1.20 billion. Bodycote PLC has a 12 month low of GBX 489.90 and a 12 month high of GBX 640.50.
The firm also recently declared a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, October 6th will be issued a dividend of GBX 5 ($0.06) per share. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 0.84%.
In related news, insider Landless,David F sold 55,335 shares of Bodycote PLC stock in a transaction on Monday, August 15th. The shares were sold at an average price of GBX 601 ($7.44), for a total value of £332,563.35 ($411,588.30).
About Bodycote PLC
Bodycote plc is a provider of thermal processing services. The Company has six 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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