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

Bodycote plc (LON:BOY) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 881.33.

Several analysts have recently weighed in on BOY shares. Jefferies Financial Group restated a “buy” rating and set a GBX 900 price objective on shares of Bodycote in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 960 target price on shares of Bodycote in a research report on Thursday, August 6th. Berenberg Bank boosted their price target on shares of Bodycote from GBX 900 to GBX 933 and gave the company a “hold” rating in a research report on Friday. Finally, Royal Bank Of Canada upped their price objective on shares of Bodycote from GBX 750 to GBX 950 and gave the company a “sector perform” rating in a research note on Thursday, August 6th.

Bodycote Price Performance

Shares of LON BOY opened at GBX 947.50 on Tuesday. The company has a debt-to-equity ratio of 35.03, a quick ratio of 0.74 and a current ratio of 1.12. Bodycote has a fifty-two week low of GBX 585 and a fifty-two week high of GBX 958. The firm has a market capitalization of £1.60 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35. The stock’s 50-day simple moving average is GBX 796.98 and its 200-day simple moving average is GBX 739.62.

Bodycote (LON:BOY) last announced its quarterly earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share (EPS) for the quarter. Bodycote had a return on equity of 9.30% and a net margin of 7.87%. As a group, equities research analysts forecast that Bodycote will post 54.0540541 EPS for the current fiscal 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.