Bodycote’s (BOY) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Bodycote (LON:BOY) in a research note released on Wednesday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 900 target price on the stock.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Bodycote to a “buy” rating and lifted their target price for the company from GBX 835 to GBX 960 in a research report on Thursday, May 28th. Berenberg Bank reissued a “buy” rating and issued a GBX 900 price target on shares of Bodycote in a report on Wednesday. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a GBX 750 price objective on shares of Bodycote in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 842.50.

Bodycote Stock Performance

Shares of BOY opened at GBX 722.50 on Wednesday. The company has a market cap of £1.23 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35. 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 stock has a 50-day moving average price of GBX 713.69 and a 200-day moving average price of GBX 713.25. Bodycote has a 12-month low of GBX 585 and a 12-month high of GBX 850.

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