Royal Bank Of Canada Forecasts Strong Price Appreciation for Bodycote (LON:BOY) Stock

Key Points

• Royal Bank of Canada has increased its price target for Bodycote from GBX 650 to GBX 775, indicating a potential upside of 19.09%.
• The company's recent earnings report showed an EPS of GBX 21.30 with a net margin of 8.01% and a return on equity of 8.14%.
• Bodycote operates as a leading provider of heat treatment and specialist thermal processing services, which are essential for improving metal properties and extending component life.

Bodycote (LON:BOY - Get Free Report) had its price target increased by equities researchers at Royal Bank Of Canada from GBX 650 ($8.63) to GBX 775 ($10.29) in a note issued to investors on Thursday, Marketbeat.com reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price points to a potential upside of 22.63% from the stock's current price.

Bodycote Stock Performance

LON BOY traded up GBX 5 ($0.07) on Thursday, hitting GBX 632 ($8.39). 189,340 shares of the stock were exchanged, compared to its average volume of 503,842. The company has a debt-to-equity ratio of 20.84, a current ratio of 0.81 and a quick ratio of 0.74. The business's fifty day moving average is GBX 582.07 and its 200 day moving average is 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 market capitalization of £1.13 billion, a PE ratio of 19.02, a P/E/G ratio of 1.44 and a beta of 1.18.

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