Bodycote plc (LON:BOY) Stock Rated “Moderate Buy” by Wall Street Brokerages

Bodycote plc (LON:BOY) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 881.33.

BOY has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 900 price objective on shares of Bodycote in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 960 target price on shares of Bodycote in a report on Thursday, August 6th. Royal Bank Of Canada raised their price target on Bodycote from GBX 750 to GBX 950 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Finally, Berenberg Bank lifted their price target on shares of Bodycote from GBX 900 to GBX 933 and gave the company a “hold” rating in a report on Friday, September 4th.

Bodycote Stock Up 0.1%

LON BOY opened at GBX 910.50 on Friday. The company has a debt-to-equity ratio of 35.03, a current ratio of 1.12 and a quick ratio of 0.74. The stock has a market capitalization of £1.54 billion, a PE ratio of 27.10, a PEG ratio of 1.44 and a beta of 1.35. Bodycote has a 1 year low of GBX 585 and a 1 year high of GBX 967.50. The business’s 50-day moving average is GBX 919.01 and its 200 day moving average is GBX 774.70.

Bodycote (LON:BOY) last announced its quarterly earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share (EPS) for the quarter. Bodycote had a return on equity of 9.30% and a net margin of 7.87%. Sell-side analysts forecast that Bodycote will post 54.05 earnings per share for the current 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.