Bodycote Maintains Sector Perform Rating Amid Analyst Upgrades

Bodycote's (LON:BOY) stock rating remains unchanged at sector perform, according to analysts at Royal Bank of Canada. The bank reiterated its target price of GBX 750 for Bodycote in a report released on Wednesday. This suggests a potential upside of 9.41% from the company's current price.

Other equities research analysts have also weighed in on Bodycote, with Berenberg Bank reaffirming a 'buy' rating and Deutsche Bank Aktiengesellschaft upgrading its rating to 'buy', raising its target price for the company from GBX 835 to GBX 960. The consensus price target among analysts is GBX 846.67.

Bodycote's stock has shown some volatility, opening at GBX 685.50 on Wednesday and trading with a market capitalization of £1.17 billion. Its PEG ratio stands at 1.44, while its beta is 1.35.