JPMorgan Chase & Co. Raises Bodycote (LON:BOY) Price Target to GBX 670

Bodycote (LON:BOY) had its price objective increased by JPMorgan Chase & Co. from GBX 600 to GBX 670 in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 0.37% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Peel Hunt reiterated a “buy” rating and set a GBX 845 target price on shares of Bodycote in a research report on Tuesday, November 18th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 800 price objective on shares of Bodycote in a report on Friday, November 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Bodycote from GBX 860 to GBX 835 and set a “buy” rating for the company in a report on Tuesday, November 18th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Bodycote currently has an average rating of “Moderate Buy” and a consensus target price of GBX 785.

Bodycote Stock Performance

Shares of BOY opened at GBX 672.50 on Thursday. The stock has a market capitalization of £1.16 billion, a P/E ratio of 42.03, a P/E/G ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 20.84, a quick ratio of 0.74 and a current ratio of 0.81. Bodycote has a 1 year low of GBX 449.40 and a 1 year high of GBX 701. The company’s fifty day moving average is GBX 637.63 and its two-hundred day moving average is GBX 615.29.

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.