Bodycote (LON:BOY) Rating Reiterated by Goldman Sachs Group

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Goldman Sachs Group reiterated their sell rating on shares of Bodycote (LON:BOY) in a report published on Wednesday morning, ThisIsMoney.Co.Uk reports.

A number of other research analysts also recently issued reports on the company. UBS Group reissued a buy rating and issued a $25.00 price objective on shares of Infineon Technologies in a research note on Tuesday, May 7th. Peel Hunt reissued a buy rating on shares of Lookers in a research note on Monday, July 8th. Liberum Capital reissued a sell rating on shares of Marks and Spencer Group in a research note on Friday, May 24th. Morgan Stanley boosted their price objective on Intact Financial from C$125.00 to C$128.00 in a research note on Thursday, May 30th. Finally, Royal Bank of Canada set a €21.50 ($25.00) price objective on GEA Group Aktiengesellschaft and gave the company a neutral rating in a research note on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 898.85 ($11.75).

LON BOY opened at GBX 762 ($9.96) on Wednesday. The company has a 50-day moving average of GBX 798.76. Bodycote has a 12 month low of GBX 673 ($8.79) and a 12 month high of GBX 1,056 ($13.80). The company has a market cap of $1.46 billion and a price-to-earnings ratio of 14.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.19 and a quick ratio of 1.05.

In related news, insider Stephen C. Harris sold 61,882 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of GBX 858 ($11.21), for a total transaction of £530,947.56 ($693,777.03).

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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Analyst Recommendations for Bodycote (LON:BOY)

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