Bodycote (LON:BOY) Downgraded by Royal Bank Of Canada to “Sector perform”

Bodycote (LON:BOY) was downgraded by equities researchers at Royal Bank Of Canada to a “sector perform” rating in a research note issued on Thursday,Digital Look reports. They currently have a GBX 775 price objective on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 4.94% from the stock’s current price.

A number of other analysts also recently commented on the company. Jefferies Financial Group upped their price objective on Bodycote from GBX 915 to GBX 925 and gave the stock a “buy” rating in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft cut their price objective on Bodycote from GBX 860 to GBX 835 and set a “buy” rating on the stock in a report on Tuesday, November 18th. Berenberg Bank reiterated a “buy” rating and set a GBX 900 target price on shares of Bodycote in a report on Thursday. JPMorgan Chase & Co. restated a “neutral” rating on shares of Bodycote in a report on Tuesday, January 6th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 845 price objective on shares of Bodycote in a research note on Tuesday, November 18th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Bodycote presently has an average rating of “Moderate Buy” and a consensus target price of GBX 825.

Bodycote Stock Performance

LON BOY opened at GBX 738.50 on Thursday. Bodycote has a twelve month low of GBX 449.40 and a twelve month high of GBX 800. The business’s 50-day moving average price is GBX 753.17 and its 200 day moving average price is GBX 685.42. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 29.79. The company has a market capitalization of £1.27 billion, a PE ratio of 46.16, a price-to-earnings-growth ratio of 1.44 and a beta of 1.22.

Bodycote (LON:BOY) last released its earnings results on Wednesday, March 11th. The company reported GBX 44.40 earnings per share (EPS) for the quarter. Bodycote had a net margin of 3.91% and a return on equity of 4.34%. On average, research analysts predict that Bodycote will post 54.0540541 earnings per share 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.