Bodycote (LON:BOY) Price Target Raised to GBX 950 at Royal Bank Of Canada

Bodycote (LON:BOY) had its target price increased by equities research analysts at Royal Bank Of Canada from GBX 750 to GBX 950 in a research report issued on Thursday,London Stock Exchange reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 3.66% from the company’s previous close.

Several other research firms have also recently commented on BOY. Berenberg Bank reiterated a “buy” rating and set a GBX 900 target price on shares of Bodycote in a research note on Thursday. Jefferies Financial Group restated a “buy” rating and issued a GBX 900 price target on shares of Bodycote in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 960 price target on shares of Bodycote in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Bodycote presently has an average rating of “Moderate Buy” and an average price target of GBX 875.83.

Bodycote Trading Down 0.7%

Shares of BOY opened at GBX 916.50 on Thursday. The company has a market capitalization of £1.56 billion, a P/E ratio of 29.56, a P/E/G ratio of 1.44 and a beta of 1.35. Bodycote has a one year low of GBX 585 and a one year high of GBX 928. The company has a debt-to-equity ratio of 35.03, a quick ratio of 0.74 and a current ratio of 1.12. The stock has a 50-day moving average price of GBX 711.74 and a 200 day moving average price of GBX 714.09.

Bodycote (LON:BOY) last issued its quarterly earnings data on Tuesday, July 28th. The company reported GBX 18.10 earnings per share for the quarter. Bodycote had a return on equity of 9.30% and a net margin of 7.87%. Sell-side analysts forecast that Bodycote will post 54.0540541 EPS 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.