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

Shares of Bodycote plc (LON:BOY – Get Free Report) traded down 13.1% during mid-day trading on Friday . The stock traded as low as GBX 714.50 and last traded at GBX 715.50. 676,437 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 1,130,887 shares. The stock had previously closed at GBX 823.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Bodycote from GBX 670 to GBX 700 and gave the company a “neutral” rating in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft raised shares of Bodycote to a “buy” rating and lifted their price objective for the company from GBX 835 to GBX 960 in a research note on Thursday, May 28th. 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 note on Thursday, March 12th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 900 price objective on shares of Bodycote in a research note on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 850.83.

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Bodycote Stock Performance

The stock has a market cap of £1.22 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 1.44 and a beta of 1.34. 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 stock’s 50-day simple moving average is GBX 705.39 and its two-hundred day simple moving average is GBX 709.01.

Bodycote (LON:BOY – Get Free Report) last released 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%. Analysts forecast that Bodycote plc will post 54.0540541 earnings per share for the current year.

Bodycote Company Profile

(Get Free Report)

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.

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