Bodycote’s (BOY) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Bodycote (LON:BOY)‘s stock had its “buy” rating reissued by Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 835 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential downside of 0.36% from the company’s previous close.

A number of other research firms have also recently commented on BOY. Jefferies Financial Group lifted their price objective on shares of Bodycote from GBX 915 to GBX 925 and gave the stock a “buy” rating in a research report on Monday, January 26th. Royal Bank Of Canada cut shares of Bodycote to a “sector perform” rating and set a GBX 775 price objective for the company. in a research report on Thursday, March 12th. JPMorgan Chase & Co. lifted their price objective on shares of Bodycote from GBX 670 to GBX 700 and gave the stock a “neutral” rating in a research report on Thursday, March 19th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 900 price objective on shares of Bodycote in a research report on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 830.

Bodycote Price Performance

LON:BOY opened at GBX 838 on Tuesday. Bodycote has a 1-year low of GBX 525 and a 1-year high of GBX 850. 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 firm has a fifty day simple moving average of GBX 676.81 and a 200 day simple moving average of GBX 697.53. The stock has a market capitalization of £1.43 billion, a PE ratio of 27.03, a P/E/G ratio of 1.44 and a beta of 1.34.

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