Bodycote (LON:BOY) Stock Price Up 7.7% – Still a Buy?

Bodycote plc (LON:BOY)’s stock price traded up 7.7% on Friday . The company traded as high as GBX 770.50 and last traded at GBX 752. 263,615 shares changed hands during trading, a decline of 78% from the average session volume of 1,186,976 shares. The stock had previously closed at GBX 698.50.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 900 target price on shares of Bodycote in a research report on Thursday, March 12th. JPMorgan Chase & Co. increased their target price on shares of Bodycote from GBX 670 to GBX 700 and gave the company a “neutral” rating in a research report on Thursday, March 19th. Jefferies Financial Group increased their target price on shares of Bodycote from GBX 915 to GBX 925 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, Royal Bank Of Canada downgraded shares of Bodycote to a “sector perform” rating and set a GBX 775 target price for the company. in a research report on Thursday, March 12th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Bodycote has a consensus rating of “Moderate Buy” and a consensus price target of GBX 830.

Bodycote Stock Up 17.8%

The firm’s 50 day moving average price is GBX 672.96 and its two-hundred day moving average price is GBX 694.50. The company has a market cap of £1.41 billion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 1.44 and a beta of 1.34. The company has a debt-to-equity ratio of 29.80, a quick ratio of 0.74 and a current ratio of 1.15.

Bodycote (LON:BOY) last released 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 research analysts anticipate that Bodycote plc will post 54.0540541 EPS for the current fiscal 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.