Insider Buying: Bodycote plc (LON:BOY) Insider Acquires 36,000 Shares of Stock

Bodycote plc (LON:BOY - Get Free Report) insider Daniel A. Dayan acquired 36,000 shares of the company's stock in a transaction that occurred on Friday, October 25th. The shares were acquired at an average price of GBX 547 ($7.10) per share, for a total transaction of £196,920 ($255,673.85).

Bodycote Stock Performance

The stock's 50-day moving average price is GBX 610.25 and its two-hundred day moving average price is GBX 672.44. Bodycote plc has a 1-year low of GBX 536 ($6.96) and a 1-year high of GBX 774 ($10.05). The company has a debt-to-equity ratio of 20.80, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a market cap of £1.01 billion, a P/E ratio of 1,675.76, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18.

Bodycote Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 3rd will be issued a dividend of GBX 6.90 ($0.09) per share. This represents a yield of 0.97%. The ex-dividend date of this dividend is Thursday, October 3rd. Bodycote's dividend payout ratio is 6,969.70%.

Wall Street Analysts Forecast Growth

BOY has been the topic of several research analyst reports. Berenberg Bank initiated coverage on Bodycote in a research report on Friday, August 30th. They set a "buy" rating and a GBX 800 ($10.39) price target on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a GBX 720 ($9.35) price objective on shares of Bodycote in a research report on Wednesday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 980 ($12.72) price target on shares of Bodycote in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. reduced 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.

About Bodycote

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.