Bodycote (LON:BOY) Sets New 12-Month High – Still a Buy?

Bodycote plc (LON:BOY) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 780 and last traded at GBX 771.50, with a volume of 304908 shares traded. The stock had previously closed at GBX 757.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Jefferies Financial Group raised their price target 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. Peel Hunt restated a “buy” rating and set a GBX 845 target price on shares of Bodycote in a research report on Tuesday, November 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Bodycote in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft lowered their price target on Bodycote from GBX 860 to GBX 835 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 800 price objective on shares of Bodycote in a research report on Friday, November 28th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 808.33.

Bodycote Price Performance

The stock’s fifty day moving average price is GBX 710.56 and its 200-day moving average price is GBX 659.87. The firm has a market cap of £1.33 billion, a PE ratio of 48.22, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 20.84, a current ratio of 0.81 and a quick ratio of 0.74.

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.