Jefferies Financial Group Reaffirms “Buy” Rating for Bodycote (LON:BOY)

Bodycote (LON:BOYGet Free Report)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 900 price target on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 30.81% from the stock’s previous close.

BOY has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft upgraded shares of Bodycote to a “buy” rating and upped their price objective for the stock from GBX 835 to GBX 960 in a report on Thursday, May 28th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 750 price objective on shares of Bodycote in a report on Wednesday. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 900 target price on shares of Bodycote in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 842.50.

Read Our Latest Analysis on Bodycote

Bodycote Price Performance

LON BOY opened at GBX 688 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.15 and a debt-to-equity ratio of 29.80. The stock has a market capitalization 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 50 day moving average price of GBX 714.61 and a two-hundred day moving average price of GBX 713.33. Bodycote has a 12-month low of GBX 573 and a 12-month high of GBX 850.

Bodycote (LON:BOYGet Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported GBX 18.10 EPS for the quarter. Bodycote had a net margin of 7.55% and a return on equity of 8.58%. As a group, equities analysts predict that Bodycote will post 54.0540541 earnings per share for the current fiscal year.

About Bodycote

(Get Free Report)

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.

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