Royal Bank Of Canada Downgrades Bodycote (LON:BOY) to Sector perform

Bodycote (LON:BOY) was downgraded by stock analysts at Royal Bank Of Canada to a “sector perform” rating in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 775 price target on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 4.94% from the company’s current price.

A number of other equities research analysts have also recently weighed in on BOY. Deutsche Bank Aktiengesellschaft lowered their price target on Bodycote from GBX 860 to GBX 835 and set a “buy” rating on the stock in a report on Tuesday, November 18th. Jefferies Financial Group raised their price target on Bodycote from GBX 915 to GBX 925 and gave the company a “buy” rating in a research report on Monday, January 26th. Berenberg Bank reiterated a “buy” rating and issued a GBX 900 price objective on shares of Bodycote in a research report on Thursday. JPMorgan Chase & Co. restated a “neutral” rating on shares of Bodycote in a report on Tuesday, January 6th. Finally, Peel Hunt restated a “buy” rating and set a GBX 845 target price on shares of Bodycote in a research report on Tuesday, November 18th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, 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 738.50 on Thursday. The company has a debt-to-equity ratio of 29.79, a quick ratio of 0.74 and a current ratio of 0.74. Bodycote has a one year low of GBX 449.40 and a one year high of GBX 800. The firm has a market capitalization of £1.27 billion, a P/E ratio of 46.16, a PEG ratio of 1.44 and a beta of 1.22. The company’s fifty day moving average is GBX 753.17 and its two-hundred day moving average is GBX 685.42.

Bodycote (LON:BOY) last announced its quarterly earnings data on Wednesday, March 11th. The company reported GBX 44.40 EPS for the quarter. Bodycote had a net margin of 3.91% and a return on equity of 4.34%. Analysts forecast that Bodycote will post 54.0540541 EPS for the current fiscal 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.