Bodycote (LON:BOY) Rating Lowered to “Sector perform” at Royal Bank Of Canada

Bodycote (LON:BOY) was downgraded by investment analysts at Royal Bank Of Canada to a “sector perform” rating in a report issued on Thursday, Marketbeat.com reports. They presently have a GBX 775 price objective on the stock. Royal Bank Of Canada’s target price points to a potential upside of 15.93% from the company’s current price.

A number of other research analysts also recently weighed in on the company. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Bodycote in a research note on Tuesday, January 6th. Peel Hunt reiterated a “buy” rating and issued a GBX 845 price objective on shares of Bodycote in a report on Tuesday, November 18th. Jefferies Financial Group increased their target price on Bodycote from GBX 915 to GBX 925 and gave the company a “buy” rating in a research note on Monday, January 26th. Berenberg Bank restated a “buy” rating and set a GBX 900 target price on shares of Bodycote in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Bodycote from GBX 860 to GBX 835 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Bodycote has an average rating of “Moderate Buy” and a consensus target price of GBX 825.

Bodycote Trading Down 5.1%

BOY opened at GBX 668.50 on Thursday. The firm has a 50 day simple moving average of GBX 752.51 and a 200 day simple moving average of GBX 685.69. 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 cap of £1.15 billion, a price-to-earnings ratio of 41.78, a price-to-earnings-growth ratio of 1.44 and a beta of 1.22. The company has a debt-to-equity ratio of 29.80, a current ratio of 1.15 and a quick ratio of 0.74.

Bodycote (LON:BOY) last announced its quarterly earnings data on Wednesday, March 11th. The company reported GBX 44.40 earnings per share (EPS) for the quarter. Bodycote had a net margin of 7.55% and a return on equity of 8.58%. On average, sell-side analysts anticipate that Bodycote will post 54.0540541 earnings per share 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.