Bodycote (LON:BOY) Shares Up 0.1% – Here’s Why

Bodycote plc (LON:BOY)’s stock price rose 0.1% on Wednesday . The company traded as high as GBX 958 and last traded at GBX 956. 2,905,880 shares changed hands during trading, an increase of 63% from the average daily volume of 1,782,658 shares. The stock had previously closed at GBX 955.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BOY. Jefferies Financial Group restated a “buy” rating and issued a GBX 900 price target on shares of Bodycote in a report on Wednesday, July 29th. Berenberg Bank reiterated a “buy” rating and issued a GBX 900 price target on shares of Bodycote in a research report on Thursday, August 6th. Royal Bank Of Canada raised their price objective on shares of Bodycote from GBX 750 to GBX 950 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 960 price objective on shares of Bodycote in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 875.83.

Bodycote Trading Up 0.1%

The stock has a market cap of £1.62 billion, a PE ratio of 28.45, a PEG ratio of 1.44 and a beta of 1.35. The business has a 50-day moving average of GBX 775.86 and a 200 day moving average of GBX 734.65. The company has a debt-to-equity ratio of 35.03, a quick ratio of 0.74 and a current ratio of 1.12.

Bodycote (LON:BOY) last released its earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share (EPS) for the quarter. Bodycote had a net margin of 7.87% and a return on equity of 9.30%. Equities research analysts predict that Bodycote plc will post 54.0540541 EPS 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.