JPMorgan Chase & Co. Reiterates “Neutral” Rating for Bodycote (LON:BOY)

Bodycote (LON:BOY)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Tuesday,Digital Look reports.

Several other brokerages have also recently issued reports on BOY. Peel Hunt restated a “buy” rating and issued a GBX 845 price target on shares of Bodycote in a research report on Tuesday, November 18th. Berenberg Bank reissued a “buy” rating and issued a GBX 800 target price on shares of Bodycote in a report on Friday, November 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Bodycote from GBX 860 to GBX 835 and set a “buy” rating for the company in a report on Tuesday, November 18th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 785.

Bodycote Stock Performance

Bodycote stock traded up GBX 7 during midday trading on Tuesday, hitting GBX 737. 165,553 shares of the company’s stock were exchanged, compared to its average volume of 495,159. Bodycote has a 12-month low of GBX 449.40 and a 12-month high of GBX 739.50. The company has a debt-to-equity ratio of 20.84, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a market cap of £1.27 billion, a price-to-earnings ratio of 46.06, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The firm’s 50 day simple moving average is GBX 658 and its 200 day simple moving average is GBX 638.37.

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.