Bodycote plc (OTCMKTS:BYPLF – Get Rating) shares reached a new 52-week low on Wednesday . The stock traded as low as $8.08 and last traded at $8.08, with a volume of 0 shares changing hands. The stock had previously closed at $8.08.
Several equities analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of Bodycote from GBX 835 ($10.51) to GBX 800 ($10.07) in a report on Thursday, March 17th. Zacks Investment Research raised Bodycote from a “sell” rating to a “hold” rating in a research note on Friday, May 13th. Panmure Gordon upgraded Bodycote from a “sell” rating to a “hold” rating in a report on Tuesday, March 22nd. Finally, Royal Bank of Canada increased their target price on Bodycote from GBX 725 ($9.12) to GBX 800 ($10.07) in a report on Friday, March 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Bodycote presently has a consensus rating of “Hold” and a consensus price target of $538.33.
The business has a 50 day simple moving average of $8.81 and a 200-day simple moving average of $11.54.
Bodycote plc provides heat treatment and thermal processing services worldwide. The company operates in two Aerospace, Defence & Energy; and Automotive & General Industrial segments. 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, HIP diffusion bonding, hydrogen brazing, induction brazing, and vacuum and honeycomb 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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