Bodycote (LON:BOY) Price Target Lowered to GBX 835 at Deutsche Bank Aktiengesellschaft

Bodycote (LON:BOY) had its price target reduced by Deutsche Bank Aktiengesellschaft from GBX 860 to GBX 835 in a research report released on Tuesday morning, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other brokerages have also weighed in on BOY. Berenberg Bank reissued a “buy” rating and set a GBX 800 price objective on shares of Bodycote in a report on Wednesday, July 30th. Royal Bank Of Canada lifted their price objective on shares of Bodycote from GBX 650 to GBX 775 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Peel Hunt reissued a “buy” rating and issued a GBX 845 price target on shares of Bodycote in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on Bodycote from GBX 610 to GBX 600 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 771.

Bodycote Stock Up 1.2%

Shares of BOY stock traded up GBX 7.50 on Tuesday, hitting GBX 611.50. The stock had a trading volume of 36,142,754 shares, compared to its average volume of 702,738. The firm has a market capitalization of £1.06 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 1.44 and a beta of 1.18. The stock’s 50 day moving average is GBX 639.98 and its 200-day moving average is GBX 607.64. The company has a debt-to-equity ratio of 20.84, a quick ratio of 0.74 and a current ratio of 0.81. Bodycote has a 52-week low of GBX 449.40 and a 52-week high of GBX 701.

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.