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

Bodycote plc (LON:BOY) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 808.33.

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

Bodycote Stock Performance

BOY stock traded down GBX 4.50 on Monday, reaching GBX 759. 206,862 shares of the company were exchanged, compared to its average volume of 428,681. Bodycote has a 12 month low of GBX 449.40 and a 12 month high of GBX 779.50. The stock’s fifty day moving average price is GBX 689.90 and its 200 day moving average price is GBX 652.14. The firm has a market capitalization of £1.31 billion, a PE ratio of 47.44, a PEG ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 20.84, a current ratio of 0.81 and a quick ratio of 0.74.

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.