Bodycote (LON:BOY) Given Buy Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Bodycote (LON:BOY) in a report published on Thursday morning, MarketBeat.com reports. They currently have a GBX 900 price objective on the stock.

BOY has been the topic of a number of other research reports. Peel Hunt reissued a “buy” rating and issued a GBX 845 price target on shares of Bodycote in a research report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Bodycote from GBX 860 to GBX 835 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. Jefferies Financial Group lifted their target price on shares of Bodycote from GBX 915 to GBX 925 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Bodycote in a research report on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 825.

Bodycote Price Performance

Shares of LON BOY opened at GBX 706.50 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.15 and a debt-to-equity ratio of 29.80. The firm has a market cap of £1.21 billion, a PE ratio of 44.16, a price-to-earnings-growth ratio of 1.44 and a beta of 1.22. Bodycote has a fifty-two week low of GBX 449.40 and a fifty-two week high of GBX 800. The business has a 50 day moving average price of GBX 753.34 and a two-hundred day moving average price of GBX 685.57.

Bodycote (LON:BOY) last announced its quarterly earnings results on Wednesday, March 11th. The company reported GBX 44.40 earnings per share for the quarter. Bodycote had a return on equity of 8.58% and a net margin of 7.55%. Sell-side analysts expect that Bodycote will post 54.0540541 earnings per share for the current fiscal year.

More Bodycote News

Here are the key news stories impacting Bodycote this week:

• Positive Sentiment: Profit jump and £80m buyback announced — management published stronger H2/2025 results and unveiled an £80 million share buyback, which is a clear capital-return action that typically supports the stock. Bodycote profit jumps in 2025; launches GBP80 million buyback
• Positive Sentiment: Earnings beat and confirmation in coverage — reports note Bodycote beat estimates for the period and reiterated the buyback, which helps justify upside vs. peers. Bodycote beats estimates as new buyback announced
• Positive Sentiment: Berenberg reaffirms “buy” with a GBX 900 target — an upgraded/affirming analyst view at a significantly higher target can support investor sentiment and act as a counterweight to lower-rated brokers. Broker ratings (Berenberg reaffirmation)
• Neutral Sentiment: Quarterly results detail — Bodycote reported GBX 44.40 EPS for the quarter and hosted an earnings call / slide deck (useful for details on margins, segment trends and buyback timing). Earnings release and materials
• Negative Sentiment: Royal Bank of Canada downgraded to “sector perform” with a GBX 775 target — the cut reduces upside from a large broker and can pressure sentiment, especially given mixed fundamentals. RBC downgrade
• Negative Sentiment: Weak margin/return metrics and liquidity signals — reported net margin (~3.9%), ROE (~4.3%), elevated P/E (~44) and current/quick ratios (~0.74) highlight modest profitability and tight short-term liquidity, which may limit multiple expansion absent stronger margin recovery.

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.