Royal Bank Of Canada Boosts Bodycote (LON:BOY) Price Target to GBX 775

Bodycote (LON:BOY) had its price objective upped by Royal Bank Of Canada from GBX 650 ($8.63) to GBX 775 ($10.29) in a research report issued on Thursday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 23.60% from the company’s previous close.

Bodycote Stock Performance

Shares of BOY stock opened at GBX 627 ($8.32) on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 20.84. The stock has a 50 day simple moving average of GBX 582.07 and a 200-day simple moving average of GBX 577.96. The company has a market cap of £1.12 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. Bodycote has a 12-month low of GBX 449.40 ($5.96) and a 12-month high of GBX 701 ($9.30).

Bodycote (LON:BOY) last announced its quarterly earnings data on Wednesday, July 30th. The company reported GBX 21.30 ($0.28) earnings per share for the quarter. Bodycote had a return on equity of 8.14% and a net margin of 8.01%. On average, equities analysts forecast that Bodycote will post 54.0540541 EPS 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.