Bodycote (LON:BOY) Reaches New 12-Month High – Still a Buy?

Shares of Bodycote plc (LON:BOY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 957 and last traded at GBX 955.50, with a volume of 1577320 shares trading hands. The stock had previously closed at GBX 913.

Analyst Upgrades and Downgrades

BOY has been the subject of a number of recent research reports. Berenberg Bank reissued a “buy” rating and set a GBX 900 price objective on shares of Bodycote in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 960 target price on shares of Bodycote in a research report on Thursday, August 6th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 900 price target on shares of Bodycote in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada increased their price target on Bodycote from GBX 750 to GBX 950 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 875.83.

Bodycote Stock Up 4.6%

The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 35.03. The firm has a market capitalization of £1.62 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.44 and a beta of 1.35. The stock’s 50-day simple moving average is GBX 770.57 and its 200-day simple moving average is GBX 733.44.

Bodycote (LON:BOY) last posted its earnings results 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, research analysts predict that Bodycote plc will post 54.0540541 earnings per share for the current fiscal 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.