Bodycote’s (BOY) Sector perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reiterated their sector perform rating on shares of Bodycote (LON:BOY) in a report released on Wednesday,Digital Look reports. Royal Bank Of Canada currently has a GBX 750 price target on the stock.

Other research analysts have also issued research reports about the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 900 price objective on shares of Bodycote in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of Bodycote to a “buy” rating and raised their target price for the company from GBX 835 to GBX 960 in a research note on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 842.50.

Bodycote Price Performance

BOY opened at GBX 722.50 on Wednesday. The firm has a market capitalization of £1.23 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35. The company has a debt-to-equity ratio of 35.03, a current ratio of 1.12 and a quick ratio of 0.74. The business’s 50-day moving average is GBX 713.69 and its two-hundred day moving average is GBX 713.25. Bodycote has a 1 year low of GBX 585 and a 1 year high of GBX 850.

Bodycote (LON:BOY) last released its quarterly earnings results on Tuesday, July 28th. The company reported GBX 18.10 EPS for the quarter. Bodycote had a net margin of 7.87% and a return on equity of 9.30%. Research analysts anticipate that Bodycote will post 54.0540541 earnings per share 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.