Bodycote (LON:BOY) Reaches New 1-Year High – Here’s Why

Bodycote plc (LON:BOY) reached a new 52-week high on Wednesday . The company traded as high as GBX 914.50 and last traded at GBX 912, with a volume of 1837173 shares. The stock had previously closed at GBX 750.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 900 price target on shares of Bodycote in a research note on Wednesday, July 29th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 900 target price on shares of Bodycote in a research report on Wednesday, July 29th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 750 target price on shares of Bodycote in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 960 price objective on shares of Bodycote in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 842.50.

Bodycote Stock Performance

The stock has a 50 day moving average of GBX 709.95 and a 200 day moving average of GBX 712.99. The stock has a market capitalization of £1.56 billion, a P/E ratio of 29.67, a P/E/G ratio of 1.44 and a beta of 1.35. The company has a debt-to-equity ratio of 35.03, a quick ratio of 0.74 and a current ratio of 1.12.

Bodycote (LON:BOY) last issued its quarterly earnings data on Tuesday, July 28th. The company reported GBX 18.10 earnings per share for the quarter. Bodycote had a net margin of 7.87% and a return on equity of 9.30%. Equities analysts predict that Bodycote plc 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.