Berenberg Bank Reaffirms “Buy” Rating for Bodycote (LON:BOY)

Bodycote (LON:BOY)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 900 target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 21.87% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group raised their target price on shares of Bodycote from GBX 915 to GBX 925 and gave the company a “buy” rating in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft reduced their target price on Bodycote from GBX 860 to GBX 835 and set a “buy” rating for the company in a research note on Tuesday, November 18th. Peel Hunt restated a “buy” rating and issued a GBX 845 price target on shares of Bodycote in a research note on Tuesday, November 18th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Bodycote in a report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 825.

Bodycote Stock Performance

Shares of LON:BOY opened at GBX 738.50 on Thursday. The firm’s 50 day simple moving average is GBX 753.17 and its 200 day simple moving average is GBX 685.42. Bodycote has a fifty-two week low of GBX 449.40 and a fifty-two week high of GBX 800. The company has a market capitalization of £1.27 billion, a price-to-earnings ratio of 46.16, a P/E/G ratio of 1.44 and a beta of 1.22. The company has a debt-to-equity ratio of 29.79, a current ratio of 0.74 and a quick ratio of 0.74.

Bodycote (LON:BOY) last posted its earnings results on Wednesday, March 11th. The company reported GBX 44.40 earnings per share (EPS) for the quarter. Bodycote had a return on equity of 4.34% and a net margin of 3.91%. As a group, sell-side 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.