Bodycote (LON:BOY) Hits New 1-Year High – What’s Next?

Bodycote plc (LON:BOY) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 914.50 and last traded at GBX 912, with a volume of 1837173 shares trading hands. The stock had previously closed at GBX 750.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BOY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 960 price target on shares of Bodycote in a research note on Thursday. Jefferies Financial Group reissued a “buy” rating and set a GBX 900 target price on shares of Bodycote in a research report on Wednesday, July 29th. Royal Bank Of Canada raised their price target on shares of Bodycote from GBX 750 to GBX 950 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 900 price target on shares of Bodycote in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Bodycote currently has a consensus rating of “Moderate Buy” and an average target price of GBX 875.83.

Bodycote Price Performance

The stock has a market capitalization of £1.55 billion, a P/E ratio of 27.22, a PEG ratio of 1.44 and a beta of 1.35. The company has a debt-to-equity ratio of 35.03, a quick ratio of 0.74 and a current ratio of 1.12. The business has a fifty day simple moving average of GBX 713.68 and a 200-day simple moving average of GBX 715.11.

Bodycote (LON:BOY) last released its quarterly earnings data on Tuesday, July 28th. The company reported GBX 18.10 earnings per share for the quarter. Bodycote had a net margin of 7.87% and a return on equity of 9.30%. Sell-side analysts expect that Bodycote plc will post 54.0540541 earnings per share for the current fiscal year.

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.