Bodycote (LON:BOY) Price Target Raised to GBX 700 at JPMorgan Chase & Co.

Bodycote (LON:BOY) had its price target boosted by JPMorgan Chase & Co. from GBX 670 to GBX 700 in a research note released on Thursday morning, MarketBeat reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other analysts have also recently weighed in on BOY. Jefferies Financial Group increased their price target on Bodycote from GBX 915 to GBX 925 and gave the stock a “buy” rating in a research report on Monday, January 26th. Berenberg Bank restated a “buy” rating and set a GBX 900 price objective on shares of Bodycote in a research note on Thursday, March 12th. Finally, Royal Bank Of Canada lowered Bodycote to a “sector perform” rating and set a GBX 775 target price on the stock. in a research report on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Bodycote has an average rating of “Moderate Buy” and an average target price of GBX 830.

Bodycote Trading Down 3.7%

LON BOY opened at GBX 631.50 on Thursday. The company has a debt-to-equity ratio of 29.80, a quick ratio of 0.74 and a current ratio of 1.15. Bodycote has a one year low of GBX 449.40 and a one year high of GBX 800. The company has a 50-day simple moving average of GBX 745.73 and a 200-day simple moving average of GBX 686.01. The firm has a market capitalization of £1.08 billion, a PE ratio of 39.47, a price-to-earnings-growth ratio of 1.44 and a beta of 1.22.

Bodycote (LON:BOY) last released its quarterly earnings data on Wednesday, March 11th. The company reported GBX 44.40 earnings per share for the quarter. Bodycote had a net margin of 7.55% and a return on equity of 8.58%. On average, equities analysts forecast that Bodycote will post 54.0540541 earnings per share 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.