Bodycote (LON:BOY) Stock Price Down 13.1% – Here’s Why

Bodycote plc (LON:BOY) shares fell 13.1% during trading on Friday . The company traded as low as GBX 714.50 and last traded at GBX 715.50. 676,437 shares traded hands during trading, a decline of 40% from the average session volume of 1,130,887 shares. The stock had previously closed at GBX 823.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BOY. Deutsche Bank Aktiengesellschaft raised shares of Bodycote to a “buy” rating and upped their price objective for the company from GBX 835 to GBX 960 in a research report on Thursday, May 28th. JPMorgan Chase & Co. upped their price objective 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. Berenberg Bank reaffirmed a “buy” rating and set a GBX 900 price objective on shares of Bodycote in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada lowered shares of Bodycote to a “sector perform” rating and set a GBX 775 price objective for the company. in a research report on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 850.83.

Bodycote Stock Performance

The firm has a market cap of £1.22 billion, a P/E ratio of 23.08, a PEG ratio of 1.44 and a beta of 1.34. The stock’s 50 day moving average is GBX 705.39 and its two-hundred day moving average is GBX 709.01. The company has a debt-to-equity ratio of 29.80, a current ratio of 1.15 and a quick ratio of 0.74.

Bodycote (LON:BOY) last posted its earnings results on Wednesday, March 11th. The company reported GBX 44.40 earnings per share for the quarter. Bodycote had a net margin of 7.55% and a return on equity of 8.58%. As a group, 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.