Bodycote (LON:BOY) Sets New 1-Year High – Here’s What Happened

Bodycote plc (LON:BOY) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 724 and last traded at GBX 709.50, with a volume of 860331 shares. The stock had previously closed at GBX 695.50.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Bodycote from GBX 600 to GBX 670 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Berenberg Bank reiterated a “buy” rating and set a GBX 800 target price on shares of Bodycote in a research note on Friday, November 28th. Peel Hunt restated a “buy” rating and set a GBX 845 price target on shares of Bodycote in a research report on Tuesday, November 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Bodycote from GBX 860 to GBX 835 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 785.

Bodycote Stock Up 1.9%

The company has a fifty day moving average price of GBX 644.49 and a 200 day moving average price of GBX 625.99. The company has a market cap of £1.23 billion, a PE ratio of 44.31, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 20.84, a current ratio of 0.81 and a quick ratio of 0.74.

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.