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

Berenberg Bank reiterated their buy rating on shares of Bodycote (LON:BOY) in a research note issued to investors on Friday,Digital Look reports. Berenberg Bank currently has a GBX 800 ($10.10) price objective on the stock.

Bodycote Stock Down 1.4 %

BOY traded down GBX 9 ($0.11) on Friday, hitting GBX 653 ($8.24). 136,323 shares of the company were exchanged, compared to its average volume of 331,652. The company has a market cap of £1.20 billion, a PE ratio of 1,978.79, a PEG ratio of 1.44 and a beta of 1.18. Bodycote has a 12 month low of GBX 536 ($6.77) and a 12 month high of GBX 774 ($9.77). The stock’s fifty day moving average is GBX 588.95 and its 200-day moving average is GBX 648.93. The company has a debt-to-equity ratio of 20.80, a quick ratio of 0.74 and a current ratio of 0.81.

Insider Buying and Selling

In related news, insider Daniel A. Dayan purchased 36,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were acquired at an average price of GBX 547 ($6.91) per share, for a total transaction of £196,920 ($248,636.36). 2.32% of the stock is currently owned by corporate insiders.

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.