Bodycote (BOY) Stock Rating Reaffirmed by Deutsche Bank
Bodycote (LON:BOY)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank in a note issued to investors on Friday.
BOY has been the topic of a number of other research reports. Royal Bank of Canada initiated coverage on Bodycote in a report on Tuesday, November 20th. They issued an “outperform” rating on the stock. Bank of America lowered their price target on Bodycote from GBX 850 ($11.11) to GBX 780 ($10.19) and set an “underperform” rating on the stock in a report on Tuesday, January 8th. Peel Hunt restated a “buy” rating on shares of Bodycote in a report on Thursday, November 15th. JPMorgan Chase & Co. lowered their price target on Bodycote from GBX 855 ($11.17) to GBX 840 ($10.98) and set a “neutral” rating on the stock in a report on Monday, March 11th. Finally, Liberum Capital restated a “hold” rating on shares of Bodycote in a report on Thursday, January 17th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 937.27 ($12.25).
BOY opened at GBX 858 ($11.21) on Friday. The company has a market capitalization of $1.63 billion and a P/E ratio of 15.83. 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 has a 1-year low of GBX 673 ($8.79) and a 1-year high of GBX 1,077 ($14.07).
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.
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