Bodycote (LON:BOY) Receives Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Bodycote (LON:BOY) in a report released on Tuesday,Digital Look reports.

Several other equities research analysts have also recently commented on BOY. Deutsche Bank Aktiengesellschaft decreased their target price on Bodycote from GBX 860 to GBX 835 and set a “buy” rating for the company in a research note on Tuesday, November 18th. Peel Hunt reiterated a “buy” rating and set a GBX 845 price target on shares of Bodycote in a research note on Tuesday, November 18th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 800 target price on shares of Bodycote in a research note on Friday, November 28th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 785.

Bodycote Trading Up 1.0%

BOY traded up GBX 7 during midday trading on Tuesday, hitting GBX 737. 165,553 shares of the company were exchanged, compared to its average volume of 495,159. The firm’s 50 day moving average price is GBX 658 and its 200-day moving average price is GBX 638.37. Bodycote has a 1-year low of GBX 449.40 and a 1-year high of GBX 739.50. The firm has a market capitalization of £1.27 billion, a P/E ratio of 46.06, a P/E/G ratio of 1.44 and a beta of 1.18. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 20.84.

About Bodycote

The leading provider of heat treatment and specialist thermal processing services worldwide.

Heat treatment encompasses a variety of techniques and specialist engineering processes which improve the properties of metals and alloys and extend the life of components and is a vital part of any manufacturing process.

Bodycote is uniquely placed via our global network and the experience and knowledge of our people to offer high quality, reliable and cost-effective services to manufacturers whatever their size or market sector.