Bodycote (LON:BOY) Given New GBX 860 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has raised its price target for Bodycote from GBX 700 to GBX 860, indicating a potential upside of 27.02% from the current stock price.
• Bodycote is currently rated as a "Moderate Buy" by analysts, with a consensus target price of GBX 811.67.
• As of the latest trading session, Bodycote shares increased by 4.0%, reaching GBX 677.05 on a trading volume of 510,293 shares.

Bodycote (LON:BOY - Get Free Report) had its target price hoisted by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 700 to GBX 860 in a research report issued on Monday,London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 27.02% from the stock's current price.

A number of other research firms have also issued reports on BOY. Berenberg Bank reiterated a "buy" rating and issued a GBX 800 target price on shares of Bodycote in a research note on Wednesday, July 30th. Royal Bank Of Canada upped their price target on Bodycote from GBX 650 to GBX 775 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Bodycote in a research note on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Bodycote has a consensus rating of "Moderate Buy" and a consensus target price of GBX 811.67.

Bodycote Trading Up 4.0%

Shares of BOY stock traded up GBX 26.05 during mid-day trading on Monday, reaching GBX 677.05. The company's stock had a trading volume of 510,293 shares, compared to its average volume of 548,649. 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 firm has a market capitalization of £1.18 billion, a PE ratio of 4,231.59, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company's 50 day simple moving average is GBX 634.50 and its 200-day simple moving average is GBX 576.26. Bodycote has a 12-month low of GBX 449.40 and a 12-month high of GBX 701.

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