JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Bodycote (LON:BOY)

Bodycote (LON:BOY)‘s stock had its “neutral” rating restated by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, MarketBeat.com reports.

A number of other research analysts also recently issued reports on BOY. Berenberg Bank reiterated a “buy” rating and issued a GBX 800 price target on shares of Bodycote in a report on Wednesday, July 30th. Royal Bank Of Canada raised their price objective on Bodycote from GBX 650 to GBX 775 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Peel Hunt reiterated a “buy” rating and issued a GBX 845 target price on shares of Bodycote in a report on Tuesday, November 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Bodycote from GBX 860 to GBX 835 and set a “buy” rating on the stock in a report on Tuesday, November 18th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 771.

Bodycote Stock Performance

Shares of LON:BOY opened at GBX 623.05 on Tuesday. The company has a market capitalization of £1.08 billion, a price-to-earnings ratio of 38.94, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. Bodycote has a 52 week low of GBX 449.40 and a 52 week high of GBX 701. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 20.84. The firm has a 50 day moving average of GBX 636.37 and a 200 day moving average of GBX 611.21.

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.