Bodycote plc (LON:BOY) Given Average Rating of “Moderate Buy” by Analysts

Bodycote plc (LON:BOY) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 830.

Several equities analysts have weighed in on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 900 price objective on shares of Bodycote in a research report on Thursday, March 12th. Jefferies Financial Group lifted their price objective on shares of Bodycote from GBX 915 to GBX 925 and gave the stock a “buy” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. lifted their price objective on shares of Bodycote from GBX 670 to GBX 700 and gave the stock a “neutral” rating in a research report on Thursday, March 19th. Finally, Royal Bank Of Canada cut shares of Bodycote to a “sector perform” rating and set a GBX 775 price objective on the stock. in a research report on Thursday, March 12th.

Bodycote Trading Up 1.8%

LON BOY opened at GBX 691 on Friday. Bodycote has a twelve month low of GBX 449.60 and a twelve month high of GBX 800. The company has a debt-to-equity ratio of 29.80, a quick ratio of 0.74 and a current ratio of 1.15. The stock has a market cap of £1.18 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.44 and a beta of 1.30. The firm’s 50 day moving average price is GBX 708.95 and its two-hundred day moving average price is GBX 685.84.

Bodycote (LON:BOY) last posted its quarterly earnings data on Wednesday, March 11th. The company reported GBX 44.40 earnings per share for the quarter. Bodycote had a net margin of 7.55% and a return on equity of 8.58%. Equities analysts anticipate 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.