Bodycote (LON:BOY) Shares Up 7.7% – Should You Buy?

Bodycote plc (LON:BOY) rose 7.7% during mid-day trading on Friday . The company traded as high as GBX 770.50 and last traded at GBX 752. Approximately 263,615 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 1,186,976 shares. The stock had previously closed at GBX 698.50.

Analyst Upgrades and Downgrades

BOY has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on shares of Bodycote from GBX 670 to GBX 700 and gave the company a “neutral” rating in a report on Thursday, March 19th. Royal Bank Of Canada lowered shares of Bodycote to a “sector perform” rating and set a GBX 775 price objective for the company. in a report on Thursday, March 12th. Jefferies Financial Group raised their price objective on shares of Bodycote from GBX 915 to GBX 925 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 900 price objective on shares of Bodycote in a report on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 830.

Bodycote Trading Up 17.8%

The business’s fifty day moving average is GBX 672.96 and its 200-day moving average is GBX 694.50. The firm has a market cap of £1.41 billion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 1.44 and a beta of 1.34. The company has a debt-to-equity ratio of 29.80, a quick ratio of 0.74 and a current ratio of 1.15.

Bodycote (LON:BOY) last issued its quarterly earnings data on Wednesday, March 11th. The company reported GBX 44.40 earnings per share (EPS) for the quarter. Bodycote had a net margin of 7.55% and a return on equity of 8.58%. Analysts predict that Bodycote plc will post 54.0540541 EPS 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.