Shares of Bodycote PLC (LON:BOY) have been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 923.09 ($12.06).
A number of research analysts have recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of Bodycote in a report on Tuesday, November 20th. They set an “outperform” rating for the company. Bank of America reduced their price objective on shares of Bodycote from GBX 850 ($11.11) to GBX 780 ($10.19) and set an “underperform” rating for the company in a report on Tuesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of Bodycote from GBX 855 ($11.17) to GBX 840 ($10.98) and set a “neutral” rating for the company in a report on Monday, March 11th. Peel Hunt reduced their price objective on shares of Bodycote from GBX 1,010 ($13.20) to GBX 925 ($12.09) and set a “buy” rating for the company in a report on Monday, February 11th. Finally, Deutsche Bank reiterated a “hold” rating on shares of Bodycote in a report on Friday.
LON:BOY traded up GBX 23 ($0.30) during trading hours on Friday, reaching GBX 858 ($11.21). The company had a trading volume of 532,891 shares, compared to its average volume of 483,340. The company has a current ratio of 1.19, a quick ratio of 1.10 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.63 billion and a price-to-earnings ratio of 15.83. Bodycote has a twelve month low of GBX 673 ($8.79) and a twelve month high of GBX 1,077 ($14.07).
The company also recently declared a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, April 18th will be given a dividend of GBX 33.20 ($0.43) per share. This is a positive change from Bodycote’s previous dividend of $5.70. This represents a dividend yield of 3.99%. The ex-dividend date is Thursday, April 18th. Bodycote’s dividend payout ratio (DPR) is presently 0.33%.
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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