Bodycote (LON:BOY) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

Bodycote (LON:BOY)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 960 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 39.53% from the company’s current price.

A number of other research analysts also recently weighed in on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 900 target price on shares of Bodycote in a report on Wednesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 750 price target on shares of Bodycote in a research report on Wednesday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 900 price objective on shares of Bodycote in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bodycote has a consensus rating of “Moderate Buy” and a consensus target price of GBX 842.50.

Bodycote Trading Down 0.3%

LON:BOY opened at GBX 688 on Wednesday. The company has a market cap of £1.17 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35. The company has a current ratio of 1.15, a quick ratio of 0.74 and a debt-to-equity ratio of 29.80. The company has a 50 day simple moving average of GBX 714.61 and a two-hundred day simple moving average of GBX 713.33. Bodycote has a 12 month low of GBX 573 and a 12 month high of GBX 850.

Bodycote (LON:BOY) last released its quarterly earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share for the quarter. Bodycote had a return on equity of 8.58% and a net margin of 7.55%. Research analysts forecast that Bodycote will post 54.0540541 earnings per share 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.