Why Has HSBC Given Bodycote (LON:BOY) a GBX 675.00 Price Target
HSBC analyst have commenced coverage coverage with a “Buy” rating on Bodycote (LON:BOY) today and set a price target of GBX 675.00. The company’s shares opened today at 575.
From a total of 15 analysts covering Bodycote PLC (LON:BOY) stock, 12 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is GBX 785 while the lowest target price is GBX 520. The mean of all analyst targets is GBX 657.87 with a 15.80% above today’s (GBX 575) stock price. Bodycote PLC was the topic of 53 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 30 with “Sector Perform” rating. JP Morgan maintained shares with “Underweight” rating and GBX 520 target share price in a report from a November 18. Jefferies maintained BOY stock in a recent report from November 20 with “Buy” rating. J.P. Morgan maintained the rating on November 17. J.P. Morgan has a “Underweight” rating and a GBX 520 price target on shares. Finally, Numis Securities upgraded the stock to “Buy” rating in a report issued on a November 18.
The stock closed the day at GBX 575 during the previous session. It is up 17.09% since May 5, 2015 and is downtrending. It has underperformed by 16.89% the S&P500.
Bodycote plc is a provider of thermal subcontract processing services. The company has a market cap of 1.10 billion GBP. The Company’s thermal processing services include heat treatments, metal joining, hot isostatic pressing and surface technology. It has 18.41 P/E ratio. The Firm has six operating divisions, split between ADE and AGI business areas: ADE–Western Europe; ADE–North America; ADE–Emerging markets; AGI–Western Europe; AGI–North America, and AGI–Emerging markets.