Bodycote (LON:BOY) Given “Buy” Rating at Berenberg Bank

Bodycote (LON:BOY)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research report issued on Monday,Digital Look reports. They presently have a GBX 800 ($10.34) target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 40.60% from the stock’s current price.

Bodycote Stock Performance

Shares of LON:BOY traded up GBX 2 ($0.03) on Monday, reaching GBX 569 ($7.35). 7,701,932 shares of the company’s stock were exchanged, compared to its average volume of 692,867. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 20.84. Bodycote has a twelve month low of GBX 520 ($6.72) and a twelve month high of GBX 774 ($10.00). The company has a fifty day moving average of GBX 636.41 and a 200-day moving average of GBX 617.73. The company has a market capitalization of £1.02 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.44 and a beta of 1.18.

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.