Bodycote (LON:BOY) Hits New 52-Week High – Here’s What Happened

Shares of Bodycote plc (LON:BOY) reached a new 52-week high on Monday . The company traded as high as GBX 774 and last traded at GBX 755.50, with a volume of 5328 shares trading hands. The stock had previously closed at GBX 766.50.

Analysts Set New Price Targets

A number of research firms have recently commented on BOY. Deutsche Bank Aktiengesellschaft cut their price target on shares of Bodycote from GBX 860 to GBX 835 and set a “buy” rating on the stock in a report on Tuesday, November 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Bodycote in a report on Tuesday, January 6th. Peel Hunt reissued a “buy” rating and issued a GBX 845 target price on shares of Bodycote in a report on Tuesday, November 18th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 800 price target on shares of Bodycote in a report on Friday, November 28th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bodycote presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 785.

Bodycote Price Performance

The company has a debt-to-equity ratio of 20.84, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a market cap of £1.30 billion, a P/E ratio of 47.22, a PEG ratio of 1.44 and a beta of 1.18. The stock’s 50-day simple moving average is GBX 676.51 and its two-hundred day simple moving average is GBX 647.13.

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.