Bodycote (LON:BOY) Hits New 52-Week High – Here’s Why

Bodycote plc (LON:BOY) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 703 and last traded at GBX 698.50, with a volume of 319445 shares changing hands. The stock had previously closed at GBX 690.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BOY shares. Peel Hunt restated a “buy” rating and set a GBX 845 price target on shares of Bodycote in a report on Tuesday, November 18th. Berenberg Bank reissued a “buy” rating and set a GBX 800 target price on shares of Bodycote in a research note on Friday, November 28th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Bodycote from GBX 860 to GBX 835 and set a “buy” rating for the company in a report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Bodycote from GBX 600 to GBX 670 and gave the company a “neutral” rating in a report on Thursday, December 4th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Bodycote currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 785.

Bodycote Trading Up 2.4%

The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 20.84. The company has a market capitalization of £1.22 billion, a P/E ratio of 44.16, a P/E/G ratio of 1.44 and a beta of 1.18. The firm’s 50-day moving average price is GBX 641.13 and its 200 day moving average price is GBX 621.04.

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.