Bodycote (LON:BOY) Reaches New 1-Year High – Still a Buy?

Bodycote plc (LON:BOY)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 703 and last traded at GBX 698.50, with a volume of 319445 shares. The stock had previously closed at GBX 690.

Analyst Ratings Changes

Several research analysts have commented on BOY shares. Berenberg Bank restated a “buy” rating and set a GBX 800 price objective on shares of Bodycote in a report on Friday, November 28th. Peel Hunt reissued a “buy” rating and set a GBX 845 price target on shares of Bodycote in a research report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft cut 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of Bodycote from GBX 600 to GBX 670 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 785.

Bodycote Stock Performance

The business’s 50-day moving average price is GBX 642.59 and its 200-day moving average price is GBX 623.04. The stock has a market cap of £1.22 billion, a PE ratio of 44.09, a P/E/G ratio of 1.44 and a beta of 1.18. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 20.84.

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.