Deutsche Bank Aktiengesellschaft Upgrades Bodycote (LON:BOY) to Buy

Bodycote (LON:BOY) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating in a research note issued to investors on Thursday,London Stock Exchange reports. The brokerage currently has a GBX 960 target price on the stock, up from their previous target price of GBX 835. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 18.01% from the company’s current price.

Several other research firms also recently weighed in on BOY. Berenberg Bank reiterated a “buy” rating and set a GBX 900 price target on shares of Bodycote in a research note on Thursday, March 12th. Royal Bank Of Canada downgraded Bodycote to a “sector perform” rating and set a GBX 775 price target on the stock. in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. boosted their price target on Bodycote from GBX 670 to GBX 700 and gave the company a “neutral” rating in a research note on Thursday, March 19th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Bodycote presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 850.83.

Bodycote Stock Down 2.0%

Bodycote stock opened at GBX 813.50 on Thursday. The company has a debt-to-equity ratio of 29.80, a quick ratio of 0.74 and a current ratio of 1.15. The business’s 50-day simple moving average is GBX 683.88 and its two-hundred day simple moving average is GBX 700.53. The company has a market cap of £1.39 billion, a PE ratio of 26.24, a PEG ratio of 1.44 and a beta of 1.34. Bodycote has a fifty-two week low of GBX 548.50 and a fifty-two week high of GBX 850.

Bodycote (LON:BOY) last posted its quarterly earnings results on Wednesday, March 11th. The company reported GBX 44.40 earnings per share for the quarter. Bodycote had a return on equity of 8.58% and a net margin of 7.55%. Equities analysts anticipate 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.