Bodycote (BOY) Earns Outperform Rating from Analysts at Royal Bank of Canada
Investment analysts at Royal Bank of Canada began coverage on shares of Bodycote (LON:BOY) in a research note issued to investors on Tuesday. The firm set an “outperform” rating on the stock.
A number of other equities analysts also recently issued reports on the stock. Credit Suisse Group reissued an “outperform” rating on shares of Bodycote in a report on Thursday, August 23rd. Barclays reissued an “overweight” rating on shares of Bodycote in a report on Monday, September 24th. HSBC raised shares of Bodycote to a “buy” rating and set a GBX 1,100 ($14.37) price objective on the stock in a report on Friday, October 5th. Panmure Gordon cut shares of Bodycote to a “sell” rating and set a GBX 860 ($11.24) target price on the stock. in a research note on Tuesday, August 21st. Finally, Liberum Capital cut shares of Bodycote to a “hold” rating and set a GBX 940 ($12.28) target price on the stock. in a research note on Thursday, September 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 1,008.21 ($13.17).
BOY opened at GBX 738.50 ($9.65) on Tuesday. Bodycote has a 12-month low of GBX 728.50 ($9.52) and a 12-month high of GBX 1,043 ($13.63).
Bodycote Company Profile
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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