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

Bodycote (LON:BOY) had its target price raised by investment analysts at Royal Bank Of Canada from GBX 750 to GBX 950 in a research note issued to investors on Thursday,London Stock Exchange reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 3.66% from the stock’s current price.

Several other analysts also recently issued reports on BOY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 960 price target on shares of Bodycote in a report on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 900 target price on shares of Bodycote in a research report on Wednesday, July 29th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 900 target price on shares of Bodycote in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 875.83.

Bodycote Price Performance

BOY opened at GBX 916.50 on Thursday. Bodycote has a 52-week low of GBX 585 and a 52-week high of GBX 928. The company has a 50 day moving average of GBX 711.74 and a two-hundred day moving average of GBX 714.09. The company has a market cap of £1.56 billion, a P/E ratio of 29.56, a P/E/G ratio of 1.44 and a beta of 1.35. 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 (LON:BOY) last issued its earnings results 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%. On average, analysts expect 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.