Bodycote (LON:BOY) Receives Buy Rating from Berenberg Bank

Bodycote (LON:BOY - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Berenberg Bank in a research report issued on Monday, MarketBeat reports. They presently have a GBX 800 ($10.35) target price on the stock. Berenberg Bank's target price would indicate a potential upside of 40.35% from the company's previous close.

Bodycote Price Performance

BOY stock traded down GBX 2 ($0.03) during trading on Monday, hitting GBX 570 ($7.38). 151,656 shares of the stock traded hands, compared to its average volume of 548,651. The stock has a market cap of £1.02 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 1.44 and a beta of 1.18. Bodycote has a one year low of GBX 520 ($6.73) and a one 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 company has a 50 day simple moving average of GBX 630.57 and a 200 day simple moving average of GBX 615.03.

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.