Morgan Stanley reaffirmed their equal weight rating on shares of Bodycote (LON:BOY) in a report published on Thursday morning, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts also recently issued reports on BOY. Liberum Capital reissued a sell rating on shares of Marks and Spencer Group in a report on Friday, May 24th. Deutsche Bank reissued a buy rating and issued a $18.00 price target on shares of STMicroelectronics in a report on Monday, April 15th. Goldman Sachs Group downgraded shares of EXPERIAN PLC/ADR from a buy rating to a neutral rating in a report on Wednesday. Numis Securities reaffirmed a buy rating on shares of 3i Group in a research note on Thursday, May 16th. Finally, Credit Suisse Group began coverage on shares of Yunji in a research note on Wednesday, July 3rd. They issued an outperform rating and a $14.50 target price on the stock. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Bodycote currently has a consensus rating of Hold and an average target price of GBX 898.85 ($11.75).
Shares of Bodycote stock opened at GBX 762 ($9.96) on Thursday. Bodycote has a 12-month low of GBX 673 ($8.79) and a 12-month high of GBX 1,056 ($13.80). The stock has a market capitalization of $1.46 billion and a P/E ratio of 14.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.19. The stock has a 50-day moving average price of GBX 798.76.
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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