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

Bodycote plc (LON:BOY)’s stock price reached a new 52-week high on Saturday . The stock traded as high as GBX 833 and last traded at GBX 831.50, with a volume of 1125302 shares. The stock had previously closed at GBX 698.50.

Analysts Set New Price Targets

Several research firms recently weighed in on BOY. Royal Bank Of Canada cut Bodycote to a “sector perform” rating and set a GBX 775 price target for the company. in a report on Thursday, March 12th. JPMorgan Chase & Co. lifted their price target on Bodycote from GBX 670 to GBX 700 and gave the stock a “neutral” rating in a report on Thursday, March 19th. Jefferies Financial Group lifted their price target on Bodycote from GBX 915 to GBX 925 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 900 price target on shares of Bodycote in a report on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 830.

Bodycote Stock Performance

The stock has a 50 day simple moving average of GBX 674.31 and a 200 day simple moving average of GBX 695.46. The company has a current ratio of 1.15, a quick ratio of 0.74 and a debt-to-equity ratio of 29.80. The stock has a market cap of £1.42 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 1.44 and a beta of 1.34.

Bodycote (LON:BOY) last posted its quarterly earnings data on Wednesday, March 11th. The company reported GBX 44.40 EPS for the quarter. Bodycote had a return on equity of 8.58% and a net margin of 7.55%. On average, equities analysts expect that Bodycote plc will post 54.0540541 earnings per share for the current year.

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.