Insider Selling: Bodycote PLC (BOY) Insider Sells 61,882 Shares of Stock

Bodycote PLC (LON:BOY) insider Stephen C. Harris sold 61,882 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of GBX 858 ($11.21), for a total transaction of £530,947.56 ($693,777.03).

LON BOY opened at GBX 846 ($11.05) on Friday. Bodycote PLC has a 12 month low of GBX 673 ($8.79) and a 12 month high of GBX 1,077 ($14.07). The company has a market cap of $1.60 billion and a price-to-earnings ratio of 15.61. The company has a current ratio of 1.19, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32.

The company also recently announced a dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, April 18th will be paid a dividend of GBX 33.20 ($0.43) per share. This is a boost from Bodycote’s previous dividend of $5.70. The ex-dividend date is Thursday, April 18th. This represents a yield of 3.99%. Bodycote’s dividend payout ratio (DPR) is presently 0.35%.

A number of analysts have recently issued reports on BOY shares. Berenberg Bank reaffirmed a “hold” rating and set a GBX 940 ($12.28) price target (up previously from GBX 915 ($11.96)) on shares of Bodycote in a report on Thursday, March 21st. Goldman Sachs Group reiterated a “sell” rating on shares of Bodycote in a research note on Friday, April 12th. JPMorgan Chase & Co. lowered their price objective on shares of Bodycote from GBX 855 ($11.17) to GBX 840 ($10.98) and set a “neutral” rating on the stock in a research note on Monday, March 11th. Bank of America lowered their price objective on shares of Bodycote from GBX 850 ($11.11) to GBX 780 ($10.19) and set an “underperform” rating on the stock in a research note on Tuesday, January 8th. Finally, Peel Hunt lowered their price objective on shares of Bodycote from GBX 1,010 ($13.20) to GBX 925 ($12.09) and set a “buy” rating on the stock in a research note on Monday, February 11th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Bodycote presently has an average rating of “Hold” and an average target price of GBX 920.71 ($12.03).

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About Bodycote

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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