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

Berenberg Bank reiterated their buy rating on shares of Bodycote (LON:BOY – Free Report) in a research report released on Wednesday,Digital Look reports. Berenberg Bank currently has a GBX 900 price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft raised Bodycote to a “buy” rating and boosted their price objective for the stock 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 issued a Hold rating to the company. According to MarketBeat.com, Bodycote has an average rating of “Moderate Buy” and a consensus price target of GBX 842.50.

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Bodycote Stock Performance

Shares of LON:BOY opened at GBX 722.50 on Wednesday. Bodycote has a 52 week low of GBX 585 and a 52 week high of GBX 850. The stock has a market capitalization of £1.23 billion, a P/E ratio of 23.31, a PEG ratio of 1.44 and a beta of 1.35. The firm has a fifty day simple moving average of GBX 713.69 and a two-hundred day simple moving average of GBX 713.25. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 35.03.

Bodycote (LON:BOY – Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share for the quarter. Bodycote had a net margin of 7.87% and a return on equity of 9.30%. On average, analysts expect that Bodycote will post 54.0540541 earnings per share for the current fiscal year.

Bodycote Company Profile

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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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