Bodycote (LON:BOY) Earns Neutral Rating from JPMorgan Chase & Co.

Key Points

• Bodycote has received a "neutral" rating from JPMorgan Chase & Co., which reflects a cautious outlook on the stock's performance.
• Berenberg Bank and Deutsche Bank both issued a "buy" rating, with target prices set at GBX 800 ($10.62) and GBX 700 ($9.29) respectively.
• The company's recent earnings report showed an earnings per share of GBX 21.30 ($0.28) and a current market cap of £1.13 billion.

Bodycote (LON:BOY - Get Free Report)'s stock had its "neutral" rating restated by equities researchers at JPMorgan Chase & Co. in a note issued to investors on Monday,Digital Look reports.

Several other analysts have also recently issued reports on the company. Berenberg Bank restated a "buy" rating and set a GBX 800 ($10.62) price objective on shares of Bodycote in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 700 ($9.29) target price on shares of Bodycote in a research report on Thursday. Finally, Royal Bank Of Canada increased their price target on Bodycote from GBX 650 ($8.63) to GBX 775 ($10.29) and gave the company an "outperform" rating in a research note on Thursday.

Bodycote Price Performance

Shares of LON:BOY opened at GBX 629.50 ($8.36) on Monday. The business has a fifty day simple moving average of GBX 582.07 and a 200-day simple moving average of GBX 577.01. Bodycote has a 52 week low of GBX 449.40 ($5.97) and a 52 week high of GBX 701 ($9.31). The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 20.84. The company has a market cap of £1.13 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.44 and a beta of 1.18.

Bodycote (LON:BOY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported GBX 21.30 ($0.28) earnings per share for the quarter. Bodycote had a return on equity of 8.14% and a net margin of 8.01%. Equities research analysts forecast that Bodycote will post 54.0540541 EPS 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.

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