Bodycote (LON:BOY) Hits New 12-Month High – What’s Next?

Bodycote plc (LON:BOY) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 935 and last traded at GBX 910, with a volume of 12147 shares trading hands. The stock had previously closed at GBX 909.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BOY shares. Berenberg Bank reissued a “buy” rating and issued a GBX 900 price objective on shares of Bodycote in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 960 target price on shares of Bodycote in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their price target on shares of Bodycote from GBX 750 to GBX 950 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 900 price target 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 issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 875.83.

Bodycote Stock Performance

The stock has a market capitalization of £1.55 billion, a PE ratio of 27.22, a P/E/G ratio of 1.44 and a beta of 1.35. The company has a debt-to-equity ratio of 35.03, a current ratio of 1.12 and a quick ratio of 0.74. The business’s fifty day moving average price is GBX 727.13 and its 200-day moving average price is GBX 722.07.

Bodycote (LON:BOY) last issued its quarterly earnings data on Tuesday, July 28th. The company reported GBX 18.10 EPS for the quarter. Bodycote had a net margin of 7.87% and a return on equity of 9.30%. As a group, equities research analysts expect that Bodycote plc will post 54.0540541 EPS for the current 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.