Bodycote plc (LON:BOY) Given Average Rating of “Moderate Buy” by Brokerages

Bodycote plc (LON:BOY) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 881.33.

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

Bodycote Stock Performance

BOY stock opened at GBX 939 on Tuesday. Bodycote has a 1-year low of GBX 585 and a 1-year high of GBX 958. The business has a 50-day moving average price of GBX 824.96 and a 200 day moving average price of GBX 745.31. The company has a market capitalization of £1.59 billion, a P/E ratio of 27.95, a PEG ratio of 1.44 and a beta of 1.35. The company has a debt-to-equity ratio of 35.03, a current ratio of 1.12 and a quick ratio of 0.74.

Bodycote (LON:BOY) last issued 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%. As a group, equities research analysts forecast that Bodycote 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.