Bodycote (LON:BOY) Sets New 12-Month High – Here’s What Happened

Bodycote plc (LON:BOY) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 733.50 and last traded at GBX 721.50, with a volume of 55528 shares traded. The stock had previously closed at GBX 722.50.

Wall Street Analyst Weigh In

Several research firms have issued reports on BOY. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Bodycote from GBX 860 to GBX 835 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. Berenberg Bank reissued a “buy” rating and set a GBX 800 price objective on shares of Bodycote in a research note on Friday, November 28th. JPMorgan Chase & Co. lifted their target price on Bodycote from GBX 600 to GBX 670 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 845 target price on shares of Bodycote in a research report on Tuesday, November 18th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. 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 Trading Down 0.9%

The company has a debt-to-equity ratio of 20.84, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a market cap of £1.24 billion, a price-to-earnings ratio of 44.75, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company’s 50 day simple moving average is GBX 654.06 and its two-hundred day simple moving average is GBX 636.57.

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.