Bodycote plc (LON:BOY) Receives GBX 808.33 Average Price Target from Analysts

Bodycote plc (LON:BOY) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 808.33.

BOY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Bodycote from GBX 860 to GBX 835 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. Peel Hunt reaffirmed a “buy” rating and set a GBX 845 target price on shares of Bodycote in a report on Tuesday, November 18th. Berenberg Bank reiterated a “buy” rating and issued a GBX 800 target price on shares of Bodycote in a research report on Friday, November 28th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Bodycote in a research report on Tuesday, January 6th. Finally, Jefferies Financial Group lifted their price objective on shares of Bodycote from GBX 915 to GBX 925 and gave the company a “buy” rating in a research note on Monday.

Bodycote Price Performance

Shares of BOY opened at GBX 757.50 on Monday. 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 company’s fifty day moving average price is GBX 699.01 and its 200-day moving average price is GBX 655.07. Bodycote has a 1-year low of GBX 449.40 and a 1-year high of GBX 779.50. The firm has a market capitalization of £1.31 billion, a PE ratio of 47.34, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18.

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.