Bodycote (LON:BOY) Rating Reaffirmed
London: In a comprehensive report revealed to investors on 15 December, RBC Capital Markets reaffirmed their Sector Perform rating on Bodycote (LON:BOY) shares. They now have a GBX 590 PT on the company. RBC Capital Markets’s target could mean a potential upside of 11.95% from the company’s last close price.
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 650.81 with a 25.86% above today’s (GBX 528.5) stock price. Bodycote PLC was the topic of 57 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 8 with “Sector Perform” rating. Jefferies maintained shares with “Buy” rating and GBX 630 target share price in a report from a November 20. JP Morgan maintained BOY stock in a recent report from December 4 with “Underweight” rating. Numis Securities upgraded the rating on November 18. Numis Securities has a “Buy” rating and a GBX 650 price target on shares. Finally, UBS maintained the stock with “Buy” rating in a report issued on a November 24.
It is down 27.35% since May 18, 2015 and is downtrending. It has underperformed by 23.68% the S&P500.
Bodycote plc is a provider of thermal subcontract processing services. The company has a market cap of 1.01 billion GBP. The Company’s thermal processing services include heat treatments, metal joining, hot isostatic pressing and surface technology. It has 16.92 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.