Bodycote (LON:BOY) Sets New 52-Week High – Time to Buy?

Shares of Bodycote plc (LON:BOY) reached a new 52-week high on Thursday . The company traded as high as GBX 960 and last traded at GBX 959.50, with a volume of 15802 shares changing hands. The stock had previously closed at GBX 953.

Analysts Set New Price Targets

Several research firms have recently commented on BOY. Royal Bank Of Canada upped their price target on shares of Bodycote from GBX 750 to GBX 950 and gave the company a “sector perform” rating in a research report on Thursday, August 6th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 900 price target on shares of Bodycote in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 960 price target on shares of Bodycote in a research note on Thursday, August 6th. Finally, Berenberg Bank boosted their price objective on shares of Bodycote from GBX 900 to GBX 933 and gave the company a “hold” rating in a research report on Friday, September 4th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 881.33.

Bodycote Stock Performance

The business has a 50-day simple moving average of GBX 837.01 and a 200 day simple moving average of GBX 747.66. 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 market cap of £1.63 billion, a PE ratio of 28.57, a PEG ratio of 1.44 and a beta of 1.35.

Bodycote (LON:BOY) last posted its quarterly earnings data on Tuesday, July 28th. The company reported GBX 18.10 earnings per share for the quarter. Bodycote had a return on equity of 9.30% and a net margin of 7.87%. Equities research analysts forecast 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.