Bodycote's (BOY) Buy Rating Reaffirmed at Berenberg Bank

Key Points

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Berenberg Bank restated their buy rating on shares of Bodycote (LON:BOY - Free Report) in a research note issued to investors on Wednesday morning, MarketBeat reports. They currently have a GBX 800 ($10.63) target price on the stock.

BOY has been the topic of a number of other research reports. Royal Bank Of Canada lifted their price target on shares of Bodycote from GBX 650 ($8.64) to GBX 775 ($10.30) and gave the stock an "outperform" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 700 ($9.30) price target on shares of Bodycote in a report on Thursday.

Bodycote Stock Performance

Shares of LON BOY traded up GBX 5 ($0.07) during midday trading on Wednesday, reaching GBX 632 ($8.40). The company's stock had a trading volume of 189,340 shares, compared to its average volume of 503,842. Bodycote has a 12-month low of GBX 449.40 ($5.97) and a 12-month high of GBX 701 ($9.32). The firm has a 50 day moving average price of GBX 582.07 and a 200-day moving average price of GBX 577.01. The stock has a market capitalization of £1.13 billion, a P/E ratio of 19.02, a PEG ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 20.84, a current ratio of 0.81 and a quick ratio of 0.74.

Bodycote (LON:BOY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported GBX 21.30 ($0.28) EPS for the quarter. Bodycote had a net margin of 8.01% and a return on equity of 8.14%. As a group, equities analysts predict 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.