Berenberg Bank Reiterates “Buy” Rating for Bodycote (LON:BOY)

Bodycote (LON:BOY)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a note issued to investors on Monday, Marketbeat Ratings reports. They currently have a GBX 800 ($10.36) price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 40.60% from the stock’s previous close.

Bodycote Stock Performance

LON:BOY opened at GBX 569 ($7.37) on Monday. The stock’s 50-day moving average is GBX 635.37 and its 200-day moving average is GBX 617.13. Bodycote has a 1-year low of GBX 520 ($6.73) and a 1-year high of GBX 774 ($10.02). The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 20.84. The stock has a market cap of £1.02 billion, a P/E ratio of 17.12, a price-to-earnings-growth 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.