Credit Suisse Group AG Reiterates “Outperform” Rating for Bodycote PLC (BOY)

Credit Suisse Group AG Reiterates “Outperform” Rating for Bodycote PLC (BOY)

Bodycote PLC (LON:BOY)‘s stock had its “outperform” rating reiterated by equities researchers at Credit Suisse Group AG in a research report issued to clients and investors on Monday.

Several other equities analysts have also recently weighed in on the stock. Canaccord Genuity lifted their price objective on shares of Bodycote PLC from GBX 660 ($8.62) to GBX 680 ($8.88) and gave the stock a “buy” rating in a research report on Thursday, September 1st. JPMorgan Chase & Co. upgraded shares of Bodycote PLC to a “neutral” rating and lifted their price objective for the stock from GBX 565 ($7.38) to GBX 605 ($7.90) in a research report on Monday, August 22nd. HSBC reiterated a “buy” rating and set a GBX 675 ($8.81) price objective on shares of Bodycote PLC in a research report on Tuesday, August 16th. Numis Securities Ltd reiterated an “add” rating and set a GBX 650 ($8.48) price objective on shares of Bodycote PLC in a research report on Friday, August 12th. Finally, Morgan Stanley lifted their price objective on shares of Bodycote PLC from GBX 680 ($8.88) to GBX 720 ($9.40) and gave the stock an “overweight” rating in a research report on Friday, August 5th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 651 ($8.50).

Analyst Recommendations for Bodycote PLC (LON:BOY)

Bodycote PLC (LON:BOY) traded up 0.42% on Monday, reaching GBX 591.00. The company’s stock had a trading volume of 127,409 shares. The stock has a 50 day moving average price of GBX 598.51 and a 200-day moving average price of GBX 590.39. The company’s market capitalization is GBX 1.12 billion. Bodycote PLC has a 1-year low of GBX 489.90 and a 1-year high of GBX 624.00.

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The company also recently announced a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be given a dividend of GBX 5 ($0.07) per share. This represents a yield of 0.84%. The ex-dividend date of this dividend is Thursday, October 6th.

In other Bodycote PLC news, insider Landless,David F sold 55,335 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of GBX 601 ($7.84), for a total transaction of £332,563.35 ($434,099.14).

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