Bodycote (BOY) Stock Rating Reaffirmed by Credit Suisse Group

Credit Suisse Group reissued their outperform rating on shares of Bodycote (LON:BOY) in a research report report published on Tuesday morning. They currently have a GBX 1,020 ($14.09) target price on the stock.

Several other research firms also recently weighed in on BOY. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 850 ($11.74) target price on shares of Bodycote in a research report on Tuesday, January 16th. N+1 Singer boosted their target price on Bodycote from GBX 995 ($13.75) to GBX 1,105 ($15.27) and gave the company a buy rating in a research report on Wednesday, January 17th. Barclays reissued an overweight rating on shares of Bodycote in a research report on Tuesday, January 16th. Numis Securities restated a hold rating and set a GBX 925 ($12.78) price objective on shares of Bodycote in a report on Monday, January 15th. Finally, Liberum Capital restated a buy rating and set a GBX 1,050 ($14.51) price objective on shares of Bodycote in a report on Wednesday, January 24th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of GBX 1,003.33 ($13.86).

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Bodycote (LON BOY) opened at GBX 946 ($13.07) on Tuesday. The firm has a market capitalization of $1,810.00 and a P/E ratio of 1,970.83. Bodycote has a 12-month low of GBX 728.50 ($10.06) and a 12-month high of GBX 1,043 ($14.41).

Bodycote (LON:BOY) last released its earnings results on Tuesday, March 6th. The company reported GBX 49.20 ($0.68) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 47.20 ($0.65) by GBX 2 ($0.03). The firm had revenue of £690.20 million for the quarter. Bodycote had a return on equity of 13.56% and a net margin of 12.61%.

In other Bodycote news, insider Anne Quinn acquired 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was bought at an average price of GBX 932 ($12.88) per share, for a total transaction of £83,880 ($115,888.37).

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About Bodycote

Bodycote plc is a provider of thermal processing services. The Company has six operating 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.

Analyst Recommendations for Bodycote (LON:BOY)

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