Deutsche Bank Aktiengesellschaft Upgrades Bodycote (LON:BOY) to Buy

Bodycote (LON:BOY) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating in a report issued on Thursday,London Stock Exchange reports. The brokerage currently has a GBX 960 target price on the stock, up from their prior target price of GBX 835. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 18.01% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Royal Bank Of Canada cut Bodycote to a “sector perform” rating and set a GBX 775 price target for the company. in a report on Thursday, March 12th. JPMorgan Chase & Co. upped their price target on Bodycote from GBX 670 to GBX 700 and gave the stock a “neutral” rating in a report on Thursday, March 19th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 900 price target on shares of Bodycote in a report on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 850.83.

Bodycote Stock Down 2.0%

Shares of BOY opened at GBX 813.50 on Thursday. The company has a market capitalization of £1.39 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.44 and a beta of 1.34. Bodycote has a 52 week low of GBX 548.50 and a 52 week high of GBX 850. 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’s 50-day moving average price is GBX 683.88 and its 200-day moving average price is GBX 700.53.

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, sell-side analysts predict that Bodycote will post 54.0540541 EPS for the current 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.