Brokerages Set Bodycote plc (LON:BOY) PT at GBX 875.83

Shares of Bodycote plc (LON:BOY) have earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 875.83.

A number of research analysts have commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 900 target price on shares of Bodycote in a research report on Wednesday, July 29th. Royal Bank Of Canada lifted 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 960 price target on shares of Bodycote in a research note on Thursday, August 6th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 900 price objective on shares of Bodycote in a report on Thursday, August 6th.

Bodycote Price Performance

LON:BOY opened at GBX 911.02 on Friday. Bodycote has a 52 week low of GBX 585 and a 52 week high of GBX 935. The stock’s fifty day moving average is GBX 743.30 and its two-hundred day moving average is GBX 726.20. The company has a market capitalization of £1.54 billion, a P/E ratio of 27.11, a P/E/G ratio of 1.44 and a beta of 1.35. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 35.03.

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