Deutsche Bank Aktiengesellschaft Reaffirms “Buy” Rating for Bodycote (LON:BOY)

Bodycote (LON:BOY)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 960 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 4.98% from the stock’s current price.

Several other research firms have also weighed in on BOY. Berenberg Bank reissued a “buy” rating and set a GBX 900 price objective on shares of Bodycote in a research note on Thursday. Jefferies Financial Group reissued a “buy” rating and issued a GBX 900 price target on shares of Bodycote in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 750 price objective on shares of Bodycote in a research report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Bodycote presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 875.83.

Bodycote Trading Up 0.1%

LON BOY opened at GBX 914.50 on Thursday. Bodycote has a 12 month low of GBX 585 and a 12 month high of GBX 928. The stock has a 50-day simple moving average of GBX 715.77 and a 200 day simple moving average of GBX 716.51. The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 35.03. The company has a market capitalization of £1.55 billion, a PE ratio of 27.22, a P/E/G ratio of 1.44 and a beta of 1.35.

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