Bodycote plc (LON:BOY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Bodycote plc (LON:BOY) has been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 850.83.

Several equities research analysts recently weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 900 price objective on shares of Bodycote in a report on Thursday, March 12th. Royal Bank Of Canada downgraded shares of Bodycote to a “sector perform” rating and set a GBX 775 price objective for the company. in a report on Thursday, March 12th. JPMorgan Chase & Co. upped their price objective on shares of Bodycote from GBX 670 to GBX 700 and gave the stock a “neutral” rating in a report on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Bodycote to a “buy” rating and upped their price objective for the stock from GBX 835 to GBX 960 in a report on Thursday.

Bodycote Stock Performance

BOY stock opened at GBX 810 on Friday. The company has a market capitalization of £1.38 billion, a P/E ratio of 26.13, a PEG ratio of 1.44 and a beta of 1.34. The company has a 50-day simple moving average of GBX 690.45 and a 200 day simple moving average of GBX 702.78. Bodycote has a fifty-two week low of GBX 548.50 and a fifty-two week high of GBX 850. The company has a quick ratio of 0.74, a current ratio of 1.15 and a debt-to-equity ratio of 29.80.

Bodycote (LON:BOY) last posted its quarterly earnings data on Wednesday, March 11th. The company reported GBX 44.40 earnings per share for the quarter. Bodycote had a net margin of 7.55% and a return on equity of 8.58%. Sell-side analysts predict that Bodycote will post 54.0540541 earnings per share for the current fiscal year.

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.