Bodycote plc (LON:BOY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Bodycote plc (LON:BOY) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 825.

BOY has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated a “neutral” rating on shares of Bodycote in a research note on Tuesday, January 6th. Jefferies Financial Group lifted their price objective on shares of Bodycote from GBX 915 to GBX 925 and gave the company a “buy” rating in a research report on Monday, January 26th. Berenberg Bank reissued a “buy” rating and issued a GBX 900 target price on shares of Bodycote in a report on Thursday, March 12th. Royal Bank Of Canada lowered shares of Bodycote to a “sector perform” rating and set a GBX 775 target price for the company. in a research report on Thursday, March 12th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 845 target price on shares of Bodycote in a research note on Tuesday, November 18th.

Bodycote Price Performance

Shares of Bodycote stock opened at GBX 644.50 on Tuesday. The company has a market capitalization of £1.11 billion, a price-to-earnings ratio of 40.28, a PEG ratio of 1.44 and a beta of 1.22. The company has a quick ratio of 0.74, a current ratio of 1.15 and a debt-to-equity ratio of 29.80. The stock’s 50-day simple moving average is GBX 750.99 and its 200-day simple moving average is GBX 686.49. Bodycote has a 52 week low of GBX 449.40 and a 52 week high of GBX 800.

Bodycote (LON:BOY) last released its earnings results on Wednesday, March 11th. The company reported GBX 44.40 earnings per share (EPS) for the quarter. Bodycote had a return on equity of 8.58% and a net margin of 7.55%. As a group, analysts expect 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.