Bodycote plc (LON:BOY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Bodycote plc (LON:BOY) has been given an average rating of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 881.33.

Several equities research analysts recently commented on BOY shares. Royal Bank Of Canada boosted 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, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 960 target price on shares of Bodycote in a research report on Thursday, August 6th. Jefferies Financial Group reissued a “buy” rating and set a GBX 900 target price on shares of Bodycote in a research note on Wednesday, July 29th. Finally, Berenberg Bank upped their price target on shares of Bodycote from GBX 900 to GBX 933 and gave the stock a “hold” rating in a research report on Friday, September 4th.

Bodycote Price Performance

Shares of Bodycote stock opened at GBX 940 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 35.03. Bodycote has a twelve month low of GBX 585 and a twelve month high of GBX 958. The business has a 50-day moving average price of GBX 819.40 and a 200 day moving average price of GBX 744.51. The firm has a market cap of £1.59 billion, a PE ratio of 27.98, a P/E/G ratio of 1.44 and a beta of 1.35.

Bodycote (LON:BOY) last issued its quarterly earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share (EPS) for the quarter. Bodycote had a return on equity of 9.30% and a net margin of 7.87%. Sell-side analysts predict that Bodycote 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.