Daniel A. Dayan Purchases 36,000 Shares of Bodycote plc (LON:BOY) Stock

Bodycote plc (LON:BOY) insider Daniel A. Dayan acquired 36,000 shares of the stock in a transaction dated Friday, October 25th. The stock was acquired at an average cost of GBX 547 ($7.10) per share, with a total value of £196,920 ($255,673.85).

Bodycote Price Performance

The stock’s fifty day moving average price is GBX 610.25 and its 200 day moving average price is GBX 672.44. Bodycote plc has a 12-month low of GBX 536 ($6.96) and a 12-month high of GBX 774 ($10.05). The company has a debt-to-equity ratio of 20.80, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a market capitalization of £1.01 billion, a price-to-earnings ratio of 1,675.76, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18.

Bodycote Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, November 7th. Shareholders 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 (DPR) is 6,969.70%.

Wall Street Analysts Forecast Growth

BOY has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 720 ($9.35) target price on shares of Bodycote in a report on Wednesday, July 31st. Berenberg Bank began coverage on shares of Bodycote in a research note on Friday, August 30th. They issued a “buy” rating and a GBX 800 ($10.39) price objective for the company. 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 note on Thursday, August 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 980 ($12.72) price target on shares of Bodycote in a research note on Friday, July 12th.

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.