Bodycote (LON:BOY): JP Morgan Cazenove Reiterates “Underweight” Rating Today, Has a Target of GBX 500.00/Share


Bodycote (LON:BOY) Rating Reaffirmed

JP Morgan Cazenove now has a GBX 500.00 target on shares of Bodycote (LON:BOY). The target implies a potential downside of -8.93% from the closing share price of Bodycote (LON:BOY). This rating was disclosed in an interesting research report on 4 December.

From a total of 16 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 500. The mean of all analyst targets is GBX 657.69 with a 21.27% above today’s (GBX 548.5) stock price. Bodycote PLC was the topic of 55 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 4 with “Underweight” rating. FinnCap downgraded shares to “Hold” rating and GBX 583 target share price in a report from a November 20. RBC Capital Markets maintained BOY stock in a recent report from November 30 with “Sector Perform” rating. Numis Securities upgraded the rating on November 18. Numis Securities has a “Buy” rating and a GBX 650 price target on shares. Finally, Jefferies maintained the stock with “Buy” rating in a report issued on a November 20.

Approximately 127,176 shares of stock traded hands. Bodycote PLC (LON:BOY) has declined 19.81% since May 7, 2015 and is downtrending. It has underperformed by 17.03% the S&P500.

Bodycote (LON:BOY): JP Morgan Cazenove Reiterates

Bodycote plc is a provider of thermal subcontract processing services. The company has a market cap of 1.05 billion GBP. The Company’s thermal processing services include heat treatments, metal joining, hot isostatic pressing and surface technology. It has 17.56 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.