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

Bodycote (LON:BOY) had its target price upped by analysts at JPMorgan Chase & Co. from GBX 670 to GBX 700 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 13.18% from the company’s previous close.

A number of other equities analysts also recently weighed in on BOY. Berenberg Bank reissued a “buy” rating and set a GBX 900 target price on shares of Bodycote in a research note on Thursday, March 12th. Jefferies Financial Group upped their price target on shares of Bodycote from GBX 915 to GBX 925 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, Royal Bank Of Canada downgraded Bodycote to a “sector perform” rating and set a GBX 775 price target for the company. in a report on Thursday, March 12th. Four equities 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 830.

Bodycote Trading Down 1.2%

LON BOY opened at GBX 618.50 on Thursday. The firm has a market capitalization of £1.06 billion, a PE ratio of 38.66, a price-to-earnings-growth ratio of 1.44 and a beta of 1.22. The business’s 50-day moving average price is GBX 743.25 and its two-hundred day moving average price is GBX 685.90. The company has a current ratio of 1.15, a quick ratio of 0.74 and a debt-to-equity ratio of 29.80. Bodycote has a 12 month low of GBX 449.40 and a 12 month high of GBX 800.

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