In a report released today, Andrew Douglas from Jefferies reiterated a Buy rating on Bodycote, with a price target of p810.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Andrew Douglas has given his Buy rating due to a combination of factors that highlight Bodycote’s strong performance and promising future prospects. The company’s recent interim results for the first half of 2025 have reinforced confidence in its strategic direction and potential for improvement. Management’s guidance for the fiscal year 2025 remains consistent and well-calibrated, which adds to the positive outlook.
Furthermore, the announcement of a new £30 million share buyback program was well-received by investors, indicating strong financial health and commitment to returning value to shareholders. The update on Bodycote’s restructuring efforts was also favorable, suggesting continued operational enhancements. These elements collectively contribute to a slightly improved forecast for the fiscal years 2025 to 2027, supporting the reiterated Buy rating and a new price target of 810 pence.
According to TipRanks, Douglas is a 4-star analyst with an average return of 4.8% and a 56.22% success rate. Douglas covers the Industrials sector, focusing on stocks such as IMI plc, Bodycote, and Rotork plc.
In another report released on July 31, RBC Capital also maintained a Buy rating on the stock with a £7.75 price target.