Bodycote (LON:BOY) Shares Down 13.1% – Should You Sell?

Bodycote plc (LON:BOY)’s stock price dropped 13.1% on Friday . The stock traded as low as GBX 714.50 and last traded at GBX 715.50. Approximately 676,437 shares traded hands during trading, a decline of 40% from the average daily volume of 1,130,887 shares. The stock had previously closed at GBX 823.

Analyst Ratings Changes

BOY has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Bodycote from GBX 670 to GBX 700 and gave the stock a “neutral” rating in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft upgraded shares of Bodycote to a “buy” rating and lifted their price objective for the company from GBX 835 to GBX 960 in a research note on Thursday, May 28th. Royal Bank Of Canada cut shares of Bodycote to a “sector perform” rating and set a GBX 775 price objective for the company. in a research note on Thursday, March 12th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 900 price objective on shares of Bodycote in a research note on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 850.83.

Bodycote Stock Performance

The company has a debt-to-equity ratio of 29.80, a quick ratio of 0.74 and a current ratio of 1.15. The firm’s 50 day moving average is GBX 706.81 and its 200-day moving average is GBX 709.06. The stock has a market capitalization of £1.22 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 1.44 and a beta of 1.34.

Bodycote (LON:BOY) last posted its earnings results on Wednesday, March 11th. The company reported GBX 44.40 earnings per share (EPS) for the quarter. Bodycote had a net margin of 7.55% and a return on equity of 8.58%. Analysts forecast that Bodycote plc will post 54.0540541 earnings per share 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.