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

Bodycote plc (LON:BOY) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 850.83.

A number of equities research analysts have recently issued reports on BOY shares. Deutsche Bank Aktiengesellschaft upgraded Bodycote to a “buy” rating and upped their price objective for the stock from GBX 835 to GBX 960 in a research note on Thursday, May 28th. Berenberg Bank reissued a “buy” rating and issued a GBX 900 target price on shares of Bodycote in a research note on Thursday, March 12th. Royal Bank Of Canada downgraded shares of Bodycote to a “sector perform” rating and set a GBX 775 target price on the stock. in a report on Thursday, March 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of Bodycote from GBX 670 to GBX 700 and gave the company a “neutral” rating in a research note on Thursday, March 19th.

Bodycote Stock Performance

BOY opened at GBX 700 on Thursday. Bodycote has a 52-week low of GBX 566.50 and a 52-week high of GBX 850. The firm has a market capitalization of £1.19 billion, a PE ratio of 22.58, a PEG ratio of 1.44 and a beta of 1.34. The company has a debt-to-equity ratio of 29.80, a quick ratio of 0.74 and a current ratio of 1.15. The business’s 50-day simple moving average is GBX 724.18 and its 200 day simple moving average is GBX 717.55.

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.