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

Bodycote (LON:BOY)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research report issued to clients and investors on Friday,Digital Look reports. They presently have a GBX 800 ($10.10) price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 22.51% from the company’s current price.

Bodycote Trading Down 1.4 %

LON BOY traded down GBX 9 ($0.11) on Friday, reaching GBX 653 ($8.24). The company had a trading volume of 135,366 shares, compared to its average volume of 331,648. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 20.80. The stock has a market cap of £1.20 billion, a price-to-earnings ratio of 1,978.79, a PEG ratio of 1.44 and a beta of 1.18. The stock’s 50 day moving average is GBX 588.95 and its 200-day moving average is GBX 648.93. Bodycote has a 52 week low of GBX 536 ($6.77) and a 52 week high of GBX 774 ($9.77).

Insiders Place Their Bets

In related news, insider Daniel A. Dayan acquired 36,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were purchased 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.

Bodycote Company Profile

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.