Bodycote’s (BOY) “Buy” Rating Reiterated at Berenberg Bank

Bodycote (LON:BOY)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 900 price target on the stock. Berenberg Bank’s target price suggests a potential upside of 31.29% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft raised Bodycote to a “buy” rating and boosted their price target for the stock from GBX 835 to GBX 960 in a research report on Thursday, May 28th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bodycote presently has an average rating of “Moderate Buy” and an average price target of GBX 846.67.

Bodycote Stock Performance

Shares of BOY opened at GBX 685.50 on Wednesday. The company has a market cap of £1.17 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35. The firm has a 50-day moving average of GBX 714.61 and a 200-day moving average of GBX 713.33. Bodycote has a one year low of GBX 573 and a one year high of GBX 850. The company has a debt-to-equity ratio of 29.80, a current ratio of 1.15 and a quick ratio of 0.74.

Bodycote (LON:BOY) last issued its earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share (EPS) for the quarter. Bodycote had a net margin of 7.55% and a return on equity of 8.58%. As a group, equities analysts forecast that Bodycote will post 54.0540541 earnings per share 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.