Berenberg Bank Reaffirms Buy Rating for Bodycote (LON:BOY)

Bodycote (LON:BOY)‘s stock had its “buy” rating restated by Berenberg Bank in a report issued on Friday,Digital Look reports. They currently have a GBX 800 ($10.10) target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 22.51% from the stock’s previous close.

Bodycote Trading Down 1.4 %

Shares of BOY stock traded down GBX 9 ($0.11) on Friday, hitting GBX 653 ($8.24). The stock had a trading volume of 130,999 shares, compared to its average volume of 331,630. The firm has a market capitalization of £1.20 billion, a P/E ratio of 1,978.79, a P/E/G ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 20.80, a current ratio of 0.81 and a quick ratio of 0.74. The company’s 50 day moving average price is GBX 588.95 and its 200-day moving average price is GBX 648.93. Bodycote has a 1 year low of GBX 536 ($6.77) and a 1 year high of GBX 774 ($9.77).

Insider Activity

In other Bodycote news, insider Daniel A. Dayan acquired 36,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were acquired at an average price of GBX 547 ($6.91) per share, for a total transaction of £196,920 ($248,636.36). Insiders own 2.32% of the company’s stock.

About Bodycote

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two business areas, Aerospace, Defence & Energy; and Automotive & General Industrial. The company 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, HIP diffusion bonding, hydrogen brazing, induction brazing, and furnace/vacuum brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy.