Bodycote plc (LON:BOY) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: Six analysts give Bodycote an average rating of “Moderate Buy” (four buys, two holds) with a 12‑month average target of GBX 830.
• Notable broker moves include Jefferies raising its target to GBX 925 and reiterating a buy, Berenberg at GBX 900 (buy), while JPMorgan is neutral at GBX 700 and RBC rates it as sector perform at GBX 775.
• The stock opened at GBX 691, trading within a 12‑month range of GBX 449.60–800, with a market cap of £1.18bn, a P/E of 22.29 and a debt‑to‑equity ratio of 29.8%.

Bodycote plc (LON:BOY - Get Free Report) has received an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 830.

Several equities analysts have weighed in on the stock. Berenberg Bank reiterated a "buy" rating and set a GBX 900 price objective on shares of Bodycote in a research report on Thursday, March 12th. Jefferies Financial Group lifted their price objective on shares of Bodycote from GBX 915 to GBX 925 and gave the stock a "buy" rating in a research report on Monday, January 26th. JPMorgan Chase & Co. lifted their price objective on shares of Bodycote from GBX 670 to GBX 700 and gave the stock a "neutral" rating in a research report on Thursday, March 19th. Finally, Royal Bank Of Canada cut shares of Bodycote to a "sector perform" rating and set a GBX 775 price objective on the stock. in a research report on Thursday, March 12th.

Bodycote Trading Up 1.8%

LON BOY opened at GBX 691 on Friday. Bodycote has a twelve month low of GBX 449.60 and a twelve month high of GBX 800. 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 has a market cap of £1.18 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.44 and a beta of 1.30. The firm's 50 day moving average price is GBX 708.95 and its two-hundred day moving average price is GBX 685.84.

Bodycote (LON:BOY - Get Free Report) last posted its quarterly earnings data 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%. Equities analysts anticipate that Bodycote 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.

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