Bodycote (LON:BOY) Price Target Raised to GBX 925

Bodycote (LON:BOY) had its target price raised by Jefferies Financial Group from GBX 915 to GBX 925 in a report published on Monday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

BOY has been the subject of a number of other reports. Peel Hunt restated a “buy” rating and set a GBX 845 price target on shares of Bodycote in a research report on Tuesday, November 18th. Berenberg Bank reissued a “buy” rating and set a GBX 800 price objective on shares of Bodycote in a research note on Friday, November 28th. Deutsche Bank Aktiengesellschaft reduced their target price on Bodycote from GBX 860 to GBX 835 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Bodycote in a report on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 808.33.

Bodycote Price Performance

Shares of LON:BOY opened at GBX 757.50 on Monday. The company has a 50 day moving average of GBX 699.01 and a 200 day moving average of GBX 655.07. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 20.84. The stock has a market cap of £1.31 billion, a P/E ratio of 47.34, a P/E/G ratio of 1.44 and a beta of 1.18. Bodycote has a 12 month low of GBX 449.40 and a 12 month high of GBX 779.50.

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.