Berenberg Bank Reaffirms Buy Rating for Bodycote (LON:BOY)

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

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

Bodycote Trading Down 0.7%

BOY stock opened at GBX 685.50 on Wednesday. Bodycote has a 52 week low of GBX 573 and a 52 week high of GBX 850. The company has a market capitalization 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 company’s 50-day simple moving average is GBX 714.61 and its 200 day simple moving average is GBX 713.33. The company has a debt-to-equity ratio of 29.80, a quick ratio of 0.74 and a current ratio of 1.15.

Bodycote (LON:BOY) last posted its quarterly earnings data 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, sell-side analysts anticipate 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.