Bodycote (LON:BOY) Trading 0.1% Higher – Here’s Why

Bodycote plc (LON:BOY – Get Free Report)’s stock price was up 0.1% during mid-day trading on Wednesday . The company traded as high as GBX 958 and last traded at GBX 956. 2,905,880 shares were traded during trading, an increase of 63% from the average daily volume of 1,782,658 shares. The stock had previously closed at GBX 955.

Analyst Upgrades and Downgrades

BOY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 960 price objective on shares of Bodycote in a research note on Thursday, August 6th. Royal Bank Of Canada boosted their price target on shares of Bodycote from GBX 750 to GBX 950 and gave the company a “sector perform” rating in a report on Thursday, August 6th. Jefferies Financial Group restated a “buy” rating and set a GBX 900 price target on shares of Bodycote in a research report on Wednesday, July 29th. Finally, Berenberg Bank increased their price objective on shares of Bodycote from GBX 900 to GBX 933 and gave the stock a “hold” rating in a report on Friday. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 881.33.

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Bodycote Price Performance

The company has a market capitalization of £1.61 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35. 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 business has a fifty day moving average price of GBX 786.37 and a 200 day moving average price of GBX 737.20.

Bodycote (LON:BOY – Get Free Report) 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 net margin of 7.87% and a return on equity of 9.30%. On average, research analysts expect that Bodycote plc will post 54.0540541 earnings per share for the current fiscal year.

About Bodycote

(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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