Bodycote (LON:BOY) Hits New 1-Year High – Here’s Why

Bodycote plc (LON:BOY)’s share price reached a new 52-week high on Monday . The stock traded as high as GBX 724 and last traded at GBX 709.50, with a volume of 860331 shares changing hands. The stock had previously closed at GBX 695.50.

Analyst Ratings Changes

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

Bodycote Stock Performance

The business has a fifty day simple moving average of GBX 644.49 and a two-hundred day simple moving average of GBX 625.99. 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 cap of £1.23 billion, a P/E ratio of 44.31, a P/E/G ratio of 1.44 and a beta of 1.18.

Bodycote Company Profile

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.