Bodycote (LON:BOY) Price Target Raised to GBX 700 at JPMorgan Chase & Co.

Bodycote (LON:BOY) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from GBX 670 to GBX 700 in a research report issued on Thursday,London Stock Exchange reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 10.85% from the company’s current price.

BOY has been the topic of several other research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 900 target price on shares of Bodycote in a research note on Thursday, March 12th. Royal Bank Of Canada lowered Bodycote to a “sector perform” rating and set a GBX 775 price target on the stock. in a report on Thursday, March 12th. Finally, Jefferies Financial Group upped their price objective on shares of Bodycote from GBX 915 to GBX 925 and gave the stock a “buy” rating in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bodycote currently has an average rating of “Moderate Buy” and a consensus price target of GBX 830.

Bodycote Stock Performance

LON:BOY traded down GBX 24 during mid-day trading on Thursday, hitting GBX 631.50. The stock had a trading volume of 10,406,646 shares, compared to its average volume of 863,905. The company has a current ratio of 1.15, a quick ratio of 0.74 and a debt-to-equity ratio of 29.80. The company has a 50 day simple moving average of GBX 747.84 and a 200-day simple moving average of GBX 686.39. The stock has a market capitalization of £1.08 billion, a price-to-earnings ratio of 39.47, a P/E/G ratio of 1.44 and a beta of 1.22. Bodycote has a 52 week low of GBX 449.40 and a 52 week high of GBX 800.

Bodycote (LON:BOY) last released its quarterly earnings results on Wednesday, March 11th. The company reported GBX 44.40 earnings per share for the quarter. Bodycote had a return on equity of 8.58% and a net margin of 7.55%. On average, research analysts expect that Bodycote will post 54.0540541 earnings per share for the current fiscal year.

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.