Bodycote's (BOY) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reaffirmed its “Buy” rating on Bodycote and maintained a GBX 960 price target, implying approximately 4.75% upside from the stock’s current price.
• Analyst sentiment remains positive overall: four analysts rate Bodycote a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating and an average price target of GBX 875.83.
• Bodycote reported quarterly EPS of GBX 18.10, with a 7.87% net margin and 9.30% return on equity; shares opened at GBX 916.50 and trade near their 52-week high of GBX 928.

Bodycote (LON:BOY - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Deutsche Bank Aktiengesellschaft in a report released on Thursday,London Stock Exchange reports. They currently have a GBX 960 price target on the stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 4.75% from the stock's current price.

A number of other research analysts have also recently weighed in on BOY. Berenberg Bank reissued a "buy" rating and set a GBX 900 price objective on shares of Bodycote in a research note on Thursday. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 900 target price on shares of Bodycote in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 750 target price on shares of Bodycote in a report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 875.83.

Bodycote Price Performance

Shares of LON BOY opened at GBX 916.50 on Thursday. The stock has a market cap 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 has a 52 week low of GBX 585 and a 52 week high of GBX 928. The company's 50-day moving average price is GBX 711.74 and its 200 day moving average price is GBX 714.09. The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 35.03.

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%. As a group, research analysts forecast that Bodycote will post 54.0540541 earnings per share 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.

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