Bodycote (LON:BOY) had its price objective upped by equities researchers at Royal Bank of Canada from GBX 950 ($12.41) to GBX 1,000 ($13.07) in a research report issued on Thursday. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 18.20% from the stock’s current price.
A number of other research analysts have also recently commented on BOY. Liberum Capital cut Bodycote to a “hold” rating in a research note on Thursday, November 15th. Peel Hunt reiterated a “buy” rating on shares of Bodycote in a research note on Thursday, November 15th. JPMorgan Chase & Co. cut Bodycote to a “neutral” rating and cut their price target for the stock from GBX 1,025 ($13.39) to GBX 855 ($11.17) in a research note on Tuesday, December 4th. UBS Group cut Bodycote to a “neutral” rating and cut their price target for the stock from GBX 1,000 ($13.07) to GBX 814 ($10.64) in a research note on Thursday, December 6th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Bodycote in a research note on Wednesday, December 12th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 937.27 ($12.25).
Shares of BOY opened at GBX 846 ($11.05) on Thursday. The stock has a market cap of $1.60 billion and a price-to-earnings ratio of 15.61. Bodycote has a 12 month low of GBX 673 ($8.79) and a 12 month high of GBX 1,077 ($14.07). The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.10 and a current ratio of 1.19.
Bodycote plc provides thermal processing services worldwide. The company operates in two business areas, Aerospace, Defence & Energy; and Automotive & General Industrial. It offers heat treatment services, including altering the microstructure of metals and alloys, such as steel and aluminum to impart properties comprising surface hardness, temperature resistance, ductility, and strength; metal joining services consisting of electron beam welding, and vacuum and honeycomb brazing; and Hot isostatic pressing (HIP) services, including HIP product fabrication, isostatic pressing, and HIP supporting services.
Recommended Story: What is an Initial Public Offering (IPO)?
Receive News & Ratings for Bodycote Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bodycote and related companies with MarketBeat.com's FREE daily email newsletter.