Berenberg Bank Lowers Bodycote (LON:BOY) Price Target to GBX 735

Bodycote (LON:BOY) had its price objective dropped by research analysts at Berenberg Bank from GBX 845 ($11.04) to GBX 735 ($9.60) in a research report issued on Tuesday, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 6.14% from the company’s current price.

Several other research firms have also issued reports on BOY. UBS Group reissued a “neutral” rating on shares of Bodycote in a research note on Monday, July 29th. Liberum Capital reissued a “hold” rating on shares of Bodycote in a research note on Thursday, July 25th. Jefferies Financial Group cut their price target on Bodycote from GBX 1,025 ($13.39) to GBX 995 ($13.00) and set a “buy” rating on the stock in a report on Wednesday, July 24th. Credit Suisse Group restated an “outperform” rating on shares of Bodycote in a report on Wednesday, July 3rd. Finally, Royal Bank of Canada restated an “outperform” rating on shares of Bodycote in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 866.25 ($11.32).

BOY opened at GBX 692.50 ($9.05) on Tuesday. The stock’s 50-day moving average price is GBX 738.67 and its 200 day moving average price is GBX 794.66. Bodycote has a 12-month low of GBX 646 ($8.44) and a 12-month high of GBX 1,022 ($13.35). The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 17.82. The firm has a market cap of $1.33 billion and a price-to-earnings ratio of 13.22.



Bodycote Company Profile

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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Analyst Recommendations for Bodycote (LON:BOY)

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