Bodycote plc (LON:BOY) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Bodycote plc (LON:BOY) have been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 808.33.

A number of equities research analysts have commented on BOY shares. Berenberg Bank restated a “buy” rating and set a GBX 800 price objective on shares of Bodycote in a research report on Friday, November 28th. Jefferies Financial Group raised their price target on shares of Bodycote from GBX 915 to GBX 925 and gave the stock a “buy” rating in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Bodycote from GBX 860 to GBX 835 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. Peel Hunt reissued a “buy” rating and set a GBX 845 target price on shares of Bodycote in a research note on Tuesday, November 18th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Bodycote in a report on Tuesday, January 6th.

Bodycote Stock Performance

Shares of Bodycote stock opened at GBX 779 on Friday. Bodycote has a 12 month low of GBX 449.40 and a 12 month high of GBX 796. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 20.84. The stock has a market cap of £1.34 billion, a PE ratio of 48.69, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The business has a fifty day simple moving average of GBX 738.70 and a 200-day simple moving average of GBX 673.43.

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.