Bodycote (LON:BOY) Sets New 12-Month High – Here’s What Happened

Bodycote plc (LON:BOY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 796 and last traded at GBX 775.50, with a volume of 3392 shares. The stock had previously closed at GBX 778.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Bodycote in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Bodycote from GBX 860 to GBX 835 and set a “buy” rating for the company in a report on Tuesday, November 18th. Berenberg Bank reissued a “buy” rating and set a GBX 800 price target on shares of Bodycote in a report on Friday, November 28th. Peel Hunt restated a “buy” rating and issued a GBX 845 price objective on shares of Bodycote in a research report on Tuesday, November 18th. Finally, Jefferies Financial Group increased their target price on Bodycote from GBX 915 to GBX 925 and gave the stock a “buy” rating in a research report on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Bodycote presently has a consensus rating of “Moderate Buy” and an average target price of GBX 808.33.

Bodycote Trading Down 0.3%

The stock has a market cap of £1.33 billion, a PE ratio of 48.47, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The stock has a 50-day moving average price of GBX 732.87 and a two-hundred day moving average price of GBX 670.92. 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.