Bodycote plc (LON:BOY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Bodycote plc (LON:BOY) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 808.33.

Several brokerages have recently commented on BOY. Peel Hunt restated a “buy” rating and set a GBX 845 price target on shares of Bodycote in a research note on Tuesday, November 18th. Berenberg Bank reissued a “buy” rating and set a GBX 800 target price on shares of Bodycote in a research report on Friday, November 28th. Jefferies Financial Group raised their target price on Bodycote from GBX 915 to GBX 925 and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Bodycote in a research note on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Bodycote from GBX 860 to GBX 835 and set a “buy” rating on the stock in a report on Tuesday, November 18th.

Bodycote Stock Down 0.6%

BOY traded down GBX 4.50 during midday trading on Monday, hitting GBX 759. 206,862 shares of the company’s stock traded hands, compared to its average volume of 428,681. The company has a market cap of £1.31 billion, a PE ratio of 47.44, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The stock’s fifty day simple moving average is GBX 689.90 and its 200-day simple moving average is GBX 652.14. 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 has a one year low of GBX 449.40 and a one year high of GBX 779.50.

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.