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

Bodycote (LON:BOY) had its price target upped by equities research analysts at Berenberg Bank from GBX 900 to GBX 933 in a research note issued to investors on Friday, London Stock Exchange reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s target price suggests a potential downside of 1.74% from the company’s previous close.

BOY has been the subject of a number of other reports. Royal Bank Of Canada increased their target price on shares of Bodycote from GBX 750 to GBX 950 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 960 price target on shares of Bodycote in a report on Thursday, August 6th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 900 price objective on shares of Bodycote in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 881.33.

Bodycote Stock Performance

LON:BOY opened at GBX 949.50 on Friday. 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 fifty-two week low of GBX 585 and a fifty-two week high of GBX 958. The stock has a market cap of £1.61 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35. The firm’s fifty day simple moving average is GBX 786.37 and its 200-day simple moving average is GBX 737.20.

Bodycote (LON:BOY) last announced its quarterly earnings data on Tuesday, July 28th. The company reported GBX 18.10 EPS for the quarter. Bodycote had a net margin of 7.87% and a return on equity of 9.30%. Analysts expect that Bodycote will post 54.0540541 earnings per share for the current fiscal 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.