Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for Bodycote (LON:BOY)

Bodycote (LON:BOY)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Thursday,London Stock Exchange reports. They currently have a GBX 960 target price on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 4.75% from the company’s previous close.

A number of other research firms also recently issued reports on BOY. Jefferies Financial Group restated a “buy” rating and issued a GBX 900 target price on shares of Bodycote in a report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 750 price target on shares of Bodycote in a research note on Wednesday, July 29th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 900 price target on shares of Bodycote in a report on Thursday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Bodycote currently has an average rating of “Moderate Buy” and an average price target of GBX 875.83.

Bodycote Price Performance

BOY stock opened at GBX 916.50 on Thursday. The stock has a market capitalization of £1.56 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth 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. Bodycote has a 52-week low of GBX 585 and a 52-week high of GBX 928. The stock’s fifty day simple moving average is GBX 711.74 and its 200-day simple moving average is GBX 714.09.

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

Bodycote Company Profile

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.