Bodycote (LON:BOY) Trading Up 13.1% - Time to Buy?

Key Points

• Bodycote plc's stock price surged 13.1% on Wednesday, reaching a high of GBX 661 ($8.83) before last trading at GBX 647.50 ($8.65).
• The company reported EPS of GBX 21.30 ($0.28) for the latest quarter, with analysts expecting around 54.05 earnings per share for the current fiscal year.
• Bodycote maintains a debt-to-equity ratio of 20.84 and a market capitalization of £1.16 billion, indicating strong financial positioning.

Bodycote plc (LON:BOY - Get Free Report)'s share price was up 13.1% during mid-day trading on Wednesday . The company traded as high as GBX 661 ($8.77) and last traded at GBX 647.50 ($8.59). Approximately 188,206 shares traded hands during trading, a decline of 63% from the average daily volume of 507,610 shares. The stock had previously closed at GBX 572.50 ($7.60).

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 700 ($9.29) price target on shares of Bodycote in a research report on Thursday. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 800 ($10.62) target price on shares of Bodycote in a report on Wednesday. Finally, Royal Bank Of Canada raised their target price on shares of Bodycote from GBX 650 ($8.63) to GBX 775 ($10.29) and gave the company an "outperform" rating in a report on Thursday.

Bodycote Stock Performance

The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 20.84. The company has a market cap of £1.12 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 1.44 and a beta of 1.18. The stock's 50 day moving average price is GBX 582.07 and its 200 day moving average price is GBX 577.53.

Bodycote (LON:BOY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported GBX 21.30 ($0.28) earnings per share (EPS) for the quarter. Bodycote had a return on equity of 8.14% and a net margin of 8.01%. On average, analysts expect that Bodycote plc will post 54.0540541 EPS for the current fiscal 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.