Royal Bank Of Canada Increases Bodycote (LON:BOY) Price Target to GBX 950

Bodycote (LON:BOY) had its price objective upped by investment analysts at Royal Bank Of Canada from GBX 750 to GBX 950 in a research report issued on Thursday, MarketBeat reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 3.88% from the stock’s current price.

BOY has been the subject of a number of other reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 900 price target on shares of Bodycote in a report on Wednesday, July 29th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 900 target price on shares of Bodycote in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 960 price target on shares of Bodycote in a report on Thursday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 875.83.

Bodycote Price Performance

Shares of LON:BOY opened at GBX 914.50 on Thursday. The company has a debt-to-equity ratio of 35.03, a quick ratio of 0.74 and a current ratio of 1.12. The business’s fifty day moving average price is GBX 715.77 and its two-hundred day moving average price is GBX 716.51. The stock has a market cap of £1.55 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35. Bodycote has a one year low of GBX 585 and a one year high of GBX 928.

Bodycote (LON:BOY) last released its quarterly 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%. On average, analysts forecast that Bodycote will post 54.0540541 EPS 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.