Bodycote’s (BOY) Buy Rating Reaffirmed at Berenberg Bank

Bodycote (LON:BOY)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research note issued on Friday,Digital Look reports. They currently have a GBX 800 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 26.08% from the stock’s previous close.

BOY has been the subject of several other research reports. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Bodycote in a research note on Tuesday. Peel Hunt reiterated a “buy” rating and set a GBX 845 price objective on shares of Bodycote in a research report on Tuesday, November 18th. Royal Bank Of Canada lifted their target price on Bodycote from GBX 650 to GBX 775 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Bodycote from GBX 860 to GBX 835 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 771.

Bodycote Stock Performance

Shares of BOY traded up GBX 4.50 during midday trading on Friday, reaching GBX 634.50. The stock had a trading volume of 131,671 shares, compared to its average volume of 568,573. Bodycote has a one year low of GBX 449.40 and a one year high of GBX 701. 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 firm has a market cap of £1.10 billion, a PE ratio of 39.66, a P/E/G ratio of 1.44 and a beta of 1.18. The firm has a 50 day simple moving average of GBX 636.19 and a 200-day simple moving average of GBX 611.34.

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.