Bodycote (LON:BOY) Price Target Raised to GBX 933

Bodycote (LON:BOY) had its price target upped by Berenberg Bank from GBX 900 to GBX 933 in a research note issued to investors on Friday morning, Marketbeat.com reports. Berenberg Bank currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada upped their price objective on shares of Bodycote from GBX 750 to GBX 950 and gave the stock a “sector perform” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 960 target price on shares of Bodycote in a report on Thursday, August 6th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 900 target price on shares of Bodycote in a research report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 881.33.

Bodycote Trading Down 0.4%

BOY stock opened at GBX 948.50 on Friday. The company has a market cap of £1.61 billion, a P/E ratio of 28.23, a PEG ratio of 1.44 and a beta of 1.35. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 35.03. The business has a fifty day moving average of GBX 791.63 and a 200-day moving average of GBX 738.40. Bodycote has a twelve month low of GBX 585 and a twelve month high of GBX 958.

Bodycote (LON:BOY) last released its earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share for the quarter. Bodycote had a return on equity of 9.30% and a net margin of 7.87%. As a group, equities research analysts expect that Bodycote will post 54.0540541 EPS for the current year.

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.