Bodycote (LON:BOY) Sets New 12-Month High - Here's Why

Key Points

• Bodycote shares reached a new 52-week high of GBX 935, last trading at GBX 910, compared with the prior close of GBX 909.
• Analyst sentiment remains positive, with four Buy and two Hold ratings. Recent target prices range from GBX 900 to GBX 960, while the consensus target is GBX 875.83.
• Bodycote reported quarterly EPS of GBX 18.10, with a 9.30% return on equity and 7.87% net margin; analysts forecast full-year EPS of about GBX 54.05.

Bodycote plc (LON:BOY - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 935 and last traded at GBX 910, with a volume of 12147 shares trading hands. The stock had previously closed at GBX 909.

Analysts Set New Price Targets

BOY has been the subject of a number of analyst reports. Jefferies Financial Group reissued a "buy" rating and issued a GBX 900 price target on shares of Bodycote in a report on Wednesday, July 29th. Berenberg Bank reiterated a "buy" rating and set a GBX 900 price objective on shares of Bodycote in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 960 target price on shares of Bodycote in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada upped their target price 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. 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 875.83.

Bodycote Stock Performance

The firm has a market cap of £1.54 billion, a PE ratio of 27.08, a P/E/G ratio of 1.44 and a beta of 1.35. The stock has a 50-day moving average price of GBX 721.41 and a 200 day moving average price of GBX 719.69. The company has a debt-to-equity ratio of 35.03, a current ratio of 1.12 and a quick ratio of 0.74.

Bodycote (LON:BOY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share (EPS) for the quarter. Bodycote had a return on equity of 9.30% and a net margin of 7.87%. Research analysts forecast that Bodycote plc will post 54.0540541 earnings per share for the current year.

Bodycote Company Profile

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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