Bodycote (LON:BOY) Sets New 1-Year High – Here’s Why

Shares of Bodycote plc (LON:BOY) hit a new 52-week high during trading on Monday . The company traded as high as GBX 774 and last traded at GBX 755.50, with a volume of 5328 shares changing hands. The stock had previously closed at GBX 766.50.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Peel Hunt reiterated a “buy” rating and set a GBX 845 price target on shares of Bodycote in a research note on Tuesday, November 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Bodycote in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft cut their price target on Bodycote from GBX 860 to GBX 835 and set a “buy” rating for the company in a report on Tuesday, November 18th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 800 price target on shares of Bodycote in a research report on Friday, November 28th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Bodycote currently has an average rating of “Moderate Buy” and a consensus target price of GBX 785.

Bodycote Stock Up 2.0%

The company has a debt-to-equity ratio of 20.84, a quick ratio of 0.74 and a current ratio of 0.81. The company’s 50-day moving average price is GBX 681.52 and its 200 day moving average price is GBX 648.93. The stock has a market capitalization of £1.30 billion, a P/E ratio of 47.06, a P/E/G ratio of 1.44 and a beta of 1.18.

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.