Bodycote (LON:BOY) Price Target Cut to GBX 600 by Analysts at JPMorgan Chase & Co.

Bodycote (LON:BOY) had its price target reduced by JPMorgan Chase & Co. from GBX 610 to GBX 600 in a report issued on Tuesday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Bodycote from GBX 700 to GBX 860 and gave the stock a “buy” rating in a research note on Monday, October 6th. Royal Bank Of Canada raised their target price on Bodycote from GBX 650 to GBX 775 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 800 price target on shares of Bodycote in a report on Wednesday, July 30th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 758.75.

Bodycote Stock Performance

LON:BOY opened at GBX 631 on Tuesday. Bodycote has a 1 year low of GBX 449.40 and a 1 year high of GBX 701. The firm’s fifty day simple moving average is GBX 646.44 and its 200 day simple moving average is GBX 592.04. 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 firm has a market capitalization of £1.10 billion, a PE ratio of 39.44, a PEG ratio of 1.44 and a beta of 1.18.

Bodycote (LON:BOY) last released its earnings results on Wednesday, July 30th. The company reported GBX 21.30 earnings per share for the quarter. Bodycote had a net margin of 8.01% and a return on equity of 8.14%. On average, sell-side analysts anticipate 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.