Analysts Set Bodycote plc (LON:BOY) Price Target at GBX 850.83

Bodycote plc (LON:BOY) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 850.83.

A number of brokerages have recently issued reports on BOY. Deutsche Bank Aktiengesellschaft upgraded shares of Bodycote to a “buy” rating and boosted their price target for the stock from GBX 835 to GBX 960 in a research report on Thursday, May 28th. Berenberg Bank reiterated a “buy” rating and set a GBX 900 target price on shares of Bodycote in a research report on Thursday, March 12th. Royal Bank Of Canada downgraded shares of Bodycote to a “sector perform” rating and set a GBX 775 target price on the stock. in a research report on Thursday, March 12th. Finally, JPMorgan Chase & Co. boosted 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.

Bodycote Price Performance

Shares of LON BOY opened at GBX 823 on Friday. The company has a market capitalization 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. Bodycote has a 52-week low of GBX 548.50 and a 52-week high of GBX 850. The company has a debt-to-equity ratio of 29.80, a quick ratio of 0.74 and a current ratio of 1.15. The company’s 50 day moving average price is GBX 705.39 and its 200-day moving average price is GBX 709.01.

Bodycote (LON:BOY) last issued its quarterly earnings results on Wednesday, March 11th. The company reported GBX 44.40 earnings per share (EPS) for the quarter. Bodycote had a net margin of 7.55% and a return on equity of 8.58%. Equities analysts forecast that Bodycote will post 54.0540541 earnings per share 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.