Bodycote (LON:BOY) Reaches New 12-Month High – Still a Buy?

Bodycote plc (LON:BOY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 957 and last traded at GBX 955.50, with a volume of 1577320 shares trading hands. The stock had previously closed at GBX 913.

Analysts Set New Price Targets

BOY has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 900 price target on shares of Bodycote in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 960 price objective on shares of Bodycote in a report on Thursday, August 6th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 900 price objective on shares of Bodycote in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada boosted their target price on shares of Bodycote from GBX 750 to GBX 950 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Bodycote currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 875.83.

Bodycote Trading Up 4.6%

The company has a debt-to-equity ratio of 35.03, a current ratio of 1.12 and a quick ratio of 0.74. The firm has a fifty day simple moving average of GBX 770.57 and a two-hundred day simple moving average of GBX 733.44. The firm has a market capitalization of £1.62 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35.

Bodycote (LON:BOY) last issued its earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share (EPS) for the quarter. Bodycote had a return on equity of 9.30% and a net margin of 7.87%. On average, equities research analysts anticipate that Bodycote plc will post 54.0540541 earnings per share 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.