Bodycote plc (LON:BOY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Bodycote plc (LON:BOY) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 850.83.

BOY has been the subject of several research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 900 price target on shares of Bodycote in a report on Thursday, March 12th. JPMorgan Chase & Co. upped their price objective on shares of Bodycote from GBX 670 to GBX 700 and gave the company a “neutral” rating in a report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft raised shares of Bodycote to a “buy” rating and increased their price objective for the company from GBX 835 to GBX 960 in a research report on Thursday, May 28th. Finally, Royal Bank Of Canada downgraded shares of Bodycote to a “sector perform” rating and set a GBX 775 target price for the company. in a report on Thursday, March 12th.

Bodycote Stock Performance

Shares of LON BOY opened at GBX 700 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.74 and a debt-to-equity ratio of 29.80. Bodycote has a 12 month low of GBX 566.50 and a 12 month high of GBX 850. The stock has a 50 day moving average of GBX 724.18 and a 200-day moving average of GBX 717.55. The company has a market capitalization of £1.19 billion, a P/E ratio of 22.58, a P/E/G ratio of 1.44 and a beta of 1.34.

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.