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VSVS - Vesuvius News Story

463.2p 8.0  1.8%

Last Trade - 09/12/19

Sector
Industrials
Size
Mid Cap
Market Cap £1.26bn
Enterprise Value £1.62bn
Revenue £1.79bn
Position in Universe 370th / 1842

BUZZ-Bodycote: Peel Hunt cuts PT after peers issue profit warnings

Mon 21st October, 2019 6:07am
** Peel Hunt cuts price target on thermal processing service
provider Bodycote  BOY.L  to 925p from 820p, retains "buy"
rating
    ** Says following profit warning from peers Renishaw  RSW.L 
and Vesuvius  VSVS.L  last week, brokerage is reworking its
forecasts on the norm that 'a broad-based industrial stock will
endure a down year in 2020'
    ** "Bodycote has proven its margin resilience in recent
years and we believe that it will do so again through this dip"
- Peel Hunt
    ** 6 of 16 analysts rate the stock as "buy" or higher, 6
"hold" and 4 "sell" or lower - Refinitiv Eikon Data
    ** Up to Friday's close, stock has fallen 12.26% YTD  

 (Reporting by Samantha Machado in Bengaluru)
 ((Samantha.machado@thomsonreuters.com; Within UK +44 20 7542
1810; Outside UK +918067499956))
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