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

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

Several equities analysts recently weighed in on the company. Royal Bank Of Canada downgraded Bodycote to a “sector perform” rating and set a GBX 775 target price on the stock. in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft upgraded Bodycote to a “buy” rating and lifted their price target for the company from GBX 835 to GBX 960 in a report on Thursday, May 28th. JPMorgan Chase & Co. increased their price objective on shares of Bodycote from GBX 670 to GBX 700 and gave the stock a “neutral” rating in a report on Thursday, March 19th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 900 price objective on shares of Bodycote in a report on Thursday, March 12th.

Bodycote Price Performance

BOY stock opened at GBX 658.25 on Thursday. The stock has a market capitalization of £1.12 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 1.44 and a beta of 1.34. The company has a quick ratio of 0.74, a current ratio of 1.15 and a debt-to-equity ratio of 29.80. Bodycote has a 52-week low of GBX 566.50 and a 52-week high of GBX 850. The stock’s fifty day simple moving average is GBX 721.73 and its 200-day simple moving average is GBX 717.51.

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.