Bodycote’s (BOY) “Buy” Rating Reiterated at Berenberg Bank

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

Bodycote Stock Performance

Shares of BOY traded up GBX 2 ($0.03) during mid-day trading on Monday, reaching GBX 569 ($7.35). The company’s stock had a trading volume of 7,701,932 shares, 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. The stock has a market cap of £1.02 billion, a P/E ratio of 17.12, a PEG ratio of 1.44 and a beta of 1.18. Bodycote has a 1-year low of GBX 520 ($6.72) and a 1-year high of GBX 774 ($10.00). The business has a 50-day simple moving average of GBX 636.41 and a two-hundred day simple moving average of GBX 617.73.

About Bodycote

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.