Bodycote (LON:BOY) was downgraded by JPMorgan Chase & Co. to an “underweight” rating in a research report issued to clients and investors on Monday, Stock Target Advisor reports. They presently have a GBX 775 ($10.19) target price on the stock, up from their previous target price of GBX 750 ($9.87). JPMorgan Chase & Co.‘s target price points to a potential downside of 12.92% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. Bank of America decreased their price target on shares of Bodycote from GBX 750 ($9.87) to GBX 700 ($9.21) and set an “underperform” rating on the stock in a research note on Thursday, October 10th. Liberum Capital reiterated a “hold” rating on shares of Bodycote in a research note on Wednesday, November 20th. UBS Group restated a “neutral” rating on shares of Bodycote in a research note on Friday, November 15th. Goldman Sachs Group boosted their target price on shares of Bodycote from GBX 690 ($9.08) to GBX 700 ($9.21) and gave the company a “sell” rating in a research note on Monday, November 25th. Finally, Berenberg Bank reduced 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. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 830 ($10.92).
BOY opened at GBX 890 ($11.71) on Monday. Bodycote has a fifty-two week low of GBX 638.50 ($8.40) and a fifty-two week high of GBX 909.50 ($11.96). The company has a debt-to-equity ratio of 17.82, a current ratio of 0.92 and a quick ratio of 0.83. The firm’s fifty day moving average price is GBX 805.51 and its two-hundred day moving average price is GBX 759.82. The company has a market capitalization of $1.70 billion and a P/E ratio of 16.98.
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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