Bodycote (LON:BOY) Hits New 52-Week High – Still a Buy?

Bodycote plc (LON:BOY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 935 and last traded at GBX 910, with a volume of 12147 shares trading hands. The stock had previously closed at GBX 909.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BOY. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 900 target price on shares of Bodycote in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their price target on Bodycote from GBX 750 to GBX 950 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 960 price objective on shares of Bodycote in a report on Thursday, August 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 900 target price on shares of Bodycote in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Bodycote presently has an average rating of “Moderate Buy” and an average price target of GBX 875.83.

Bodycote Trading Up 0.1%

The stock has a market capitalization of £1.54 billion, a PE ratio of 27.08, a PEG ratio of 1.44 and a beta of 1.35. The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 35.03. The business’s 50-day moving average is GBX 721.41 and its two-hundred day moving average is GBX 719.69.

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