Bodycote plc (LON:BOY - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 544 ($7.06) and last traded at GBX 545 ($7.08), with a volume of 156856 shares traded. The stock had previously closed at GBX 550 ($7.14).
Analysts Set New Price Targets
A number of brokerages recently issued reports on BOY. Jefferies Financial Group restated a "buy" rating and issued a GBX 980 ($12.72) price target on shares of Bodycote in a research report on Friday, July 12th. JPMorgan Chase & Co. lowered their price target on Bodycote from GBX 760 ($9.87) to GBX 750 ($9.74) and set a "neutral" rating for the company in a research report on Thursday, August 1st. Berenberg Bank started coverage on Bodycote in a research report on Friday, August 30th. They set a "buy" rating and a GBX 800 ($10.39) target price for the company. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a GBX 720 ($9.35) target price on shares of Bodycote in a research report on Wednesday, July 31st.
Check Out Our Latest Report on Bodycote
Bodycote Price Performance
The firm has a 50 day simple moving average of GBX 615.39 and a 200-day simple moving average of GBX 675.40. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 20.80. The company has a market cap of £1.02 billion, a PE ratio of 1,666.67, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18.
Bodycote Cuts Dividend
The firm also recently declared a dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 3rd will be paid a dividend of GBX 6.90 ($0.09) per share. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 0.97%. Bodycote's payout ratio is 6,969.70%.
About Bodycote
(
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Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two business areas, Aerospace, Defence & Energy; and Automotive & General Industrial. The company 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, HIP diffusion bonding, hydrogen brazing, induction brazing, and furnace/vacuum brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy.
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