Bodycote plc (LON:BOY) Announces Dividend of GBX 6.90

Bodycote plc (LON:BOY) announced a dividend on Tuesday, July 30th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 3rd will be given a dividend of GBX 6.90 ($0.09) per share on Thursday, November 7th. This represents a yield of 0.97%. The ex-dividend date is Thursday, October 3rd. The official announcement can be accessed at this link.

Bodycote Stock Performance

Bodycote stock opened at GBX 695 ($8.94) on Wednesday. The company has a debt-to-equity ratio of 12.23, a quick ratio of 0.74 and a current ratio of 1.05. The stock’s 50 day simple moving average is GBX 716.64 and its two-hundred day simple moving average is GBX 682.16. Bodycote has a fifty-two week low of GBX 545 ($7.01) and a fifty-two week high of GBX 774 ($9.96). The stock has a market cap of £1.30 billion, a price-to-earnings ratio of 1,546.67, a PEG ratio of 1.44 and a beta of 1.19.

Analyst Ratings Changes

A number of research analysts recently weighed in on BOY shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 980 ($12.61) price objective on shares of Bodycote in a research report on Friday, July 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 720 ($9.26) price objective on shares of Bodycote in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on Bodycote from GBX 620 ($7.98) to GBX 710 ($9.13) and gave the company a “neutral” rating in a research report on Friday, May 31st.

About Bodycote

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two Aerospace, Defence & Energy; and Automotive & General Industrial segments. 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 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.