Bodycote (LON:BOY) Price Target Raised to GBX 700

Bodycote (LON:BOY) had its price target boosted by JPMorgan Chase & Co. from GBX 670 to GBX 700 in a research note released on Thursday, Marketbeat.com reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research firms also recently weighed in on BOY. Jefferies Financial Group lifted their target price on Bodycote from GBX 915 to GBX 925 and gave the company 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 target on the stock. in a research report on Thursday, March 12th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 900 price objective on shares of Bodycote in a research note on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 830.

Bodycote Trading Down 1.2%

BOY stock opened at GBX 618.50 on Thursday. Bodycote has a 52-week low of GBX 449.40 and a 52-week high of GBX 800. The company’s 50-day simple moving average is GBX 743.25 and its 200-day simple moving average is GBX 686.41. The firm has a market cap of £1.06 billion, a P/E ratio of 38.66, a PEG ratio of 1.44 and a beta of 1.22. The company has a quick ratio of 0.74, a current ratio of 1.15 and a debt-to-equity ratio of 29.80.

Bodycote (LON:BOY) last posted its quarterly earnings data on Wednesday, March 11th. The company reported GBX 44.40 earnings per share (EPS) for the quarter. Bodycote had a return on equity of 8.58% and a net margin of 7.55%. As a group, equities 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.