Bodycote (LON:BOY) Reaches New 1-Year High – Time to Buy?

Bodycote plc (LON:BOY) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 914.50 and last traded at GBX 912, with a volume of 1837173 shares traded. The stock had previously closed at GBX 750.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 960 price target on shares of Bodycote in a research note on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 900 price objective on shares of Bodycote in a research note on Wednesday, July 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 750 price target on shares of Bodycote in a research note on Wednesday, July 29th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 900 price objective on shares of Bodycote in a research note on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 842.50.

Bodycote Price Performance

The business’s 50 day simple moving average is GBX 709.95 and its 200-day simple moving average is GBX 712.99. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 35.03. The stock has a market capitalization of £1.56 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 1.44 and a beta of 1.35.

Bodycote (LON:BOY) last posted its quarterly earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share for the quarter. Bodycote had a net margin of 7.87% and a return on equity of 9.30%. On average, research analysts forecast 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.