Bodycote plc (LON:BOY) Insider Daniel A. Dayan Buys 36,000 Shares

Bodycote plc (LON:BOY) insider Daniel A. Dayan bought 36,000 shares of the business’s stock in a transaction on Friday, October 25th. The stock was bought 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 is GBX 610.25 and its 200-day moving average is GBX 672.44. Bodycote plc has a twelve month low of GBX 536 ($6.96) and a twelve month high of GBX 774 ($10.05). The firm has a market cap of £1.01 billion, a P/E ratio of 1,675.76, a PEG ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 20.80, a current ratio of 0.81 and a quick ratio of 0.74.

Bodycote Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 3rd will be paid a GBX 6.90 ($0.09) dividend. This represents a dividend yield of 0.97%. The ex-dividend date is Thursday, October 3rd. Bodycote’s dividend payout ratio is currently 6,969.70%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BOY. Berenberg Bank started coverage on Bodycote in a report on Friday, August 30th. They set a “buy” rating and a GBX 800 ($10.39) price objective on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 980 ($12.72) price target on shares of Bodycote in a research note on Friday, July 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 720 ($9.35) price objective on shares of Bodycote in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. cut their target price on shares of Bodycote from GBX 760 ($9.87) to GBX 750 ($9.74) and set a “neutral” rating on the stock 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.