Bodycote (LON:BOY) Earns Buy Rating from Berenberg Bank

Key Points

• Berenberg Bank reiterated a “buy” rating on Bodycote with a GBX 900 price target, implying approximately 1.8% downside from the prior close.
• Analyst sentiment remains positive overall: four analysts rate the stock “Buy” and two rate it “Hold,” producing a “Moderate Buy” consensus and an average target of GBX 875.83.
• Bodycote shares opened at GBX 916.50 and have risen near their 12-month high of GBX 928; the company recently reported quarterly EPS of GBX 18.10 and has a market capitalization of about £1.56 billion.

Bodycote (LON:BOY - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Berenberg Bank in a research note issued on Thursday,London Stock Exchange reports. They currently have a GBX 900 price target on the stock. Berenberg Bank's price objective points to a potential downside of 1.80% from the company's previous close.

BOY has been the topic of several other reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 960 price target on shares of Bodycote in a report on Wednesday, July 29th. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 750 price objective on shares of Bodycote in a report on Wednesday, July 29th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 900 target price on shares of Bodycote in a research note on Wednesday, July 29th. 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, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 875.83.

Bodycote Stock Down 0.7%

BOY opened at GBX 916.50 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 35.03. The firm has a 50 day moving average price of GBX 711.74 and a 200-day moving average price of GBX 714.09. Bodycote has a twelve month low of GBX 585 and a twelve month high of GBX 928. The stock has a market capitalization of £1.56 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 1.44 and a beta of 1.35.

Bodycote (LON:BOY - Get Free Report) last announced 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 7.87% and a return on equity of 9.30%. Equities research 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.

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