Bodycote stock edges lower after Berenberg rating cut and new price target
Published on 09/04/2026 at 18:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Bodycote stock (ISIN GB00B3FLWH99) traded slightly lower on September 4, 2026, with shares around 949.50 pence in London as investors digested a rating downgrade alongside a higher price target from a major analyst house.
Berenberg revises view on Bodycote
According to a broker ratings summary published by Morningstar on September 4, 2026, Berenberg cut its recommendation on Bodycote from buy to hold but increased its price target from 900 pence to 933 pence.
This adjustment means Berenberg now sees about 933 pence as the medium-term fair value for Bodycote stock, compared with the previous 900 pence level, implying an upside of about negative 1.7% from the intraday level around 949.50 pence on September 4, 2026.
Consensus targets and market pricing
Market data compiled by MarketBeat on September 4, 2026 shows that Bodycote currently carries an average rating of moderate buy, with a consensus target price of 881.33 pence.
In the same note, MarketBeat reports that Bodycote shares opened at 949.50 pence on September 4, 2026, around 68.17 pence above the consensus target of 881.33 pence, underscoring that the stock is trading at roughly 7.7% above where analysts on average expect it to be.
Live pricing data from AJ Bell on September 4, 2026 show a sell quote of 952.50 pence and a buy quote of 953.00 pence for Bodycote, with the previous close at 956.00 pence, indicating a modest intraday decline of around 0.37%.
For investors in the DACH region, a separate filing data overview compiled by finanzen.ch on September 4, 2026 refers to Bodycote with a euro translation of 11.10 EUR, offering a rough idea of the company’s valuation in continental European currency terms.
Business profile and operational context
Bodycote is a leading provider of thermal processing services, including heat treatment and surface technology, serving industrial customers across sectors such as aerospace, automotive and energy. The company focuses on specialized processes that enhance the durability and performance of metal components.
Although the latest analyst updates center on valuation and rating changes rather than new operational figures, the moderate buy consensus and raised price targets highlight that analysts see underlying earnings power in Bodycote’s contract base and industrial exposure, even as they become more cautious on the near-term share performance.
For retail investors, the key takeaway on September 4, 2026 is that Bodycote stock is currently trading modestly above the consensus target of 881.33 pence while one major bank, Berenberg, has shifted to a more neutral stance, which could temper expectations for further rapid share price gains.
Thermal processing services as a core product
One representative pillar of Bodycote’s business is its heat treatment service offering, where the company processes customer-supplied metal components to improve hardness, wear resistance and fatigue strength.
These services are typically sold under long-term frameworks to industrial clients, helping stabilize revenue and support the valuation metrics that lie behind the analyst targets discussed on September 4, 2026.
Bodycote stock in London trading
Bodycote stock is listed on the London Stock Exchange under the ticker BOY, with ordinary shares denominated in pence. As of September 4, 2026, live quotes around 952.50 pence on the sell side and 953.00 pence on the buy side point to a market capitalization in the mid single-digit billion pound range, although the precise figure is not stated in the available price snapshots.
Bodycote at a glance
- Company: Bodycote PLC
- ISIN: GB00B3FLWH99
- Ticker: BOY
- Trading venue: London Stock Exchange
- Price (as of September 4, 2026): 952.50 pence
- Sector / Industry: Industrials / Industrial services
- Index membership: FTSE index family
