Bodycote plc (LON:BOY) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Bodycote, with four buy ratings and two holds. The average 12-month price target is GBX 875.83.
• Recent broker actions were broadly positive: Jefferies and Berenberg set GBX 900 targets, Deutsche Bank set GBX 960, and RBC raised its target to GBX 950 while maintaining a “sector perform” rating.
• Bodycote shares opened at GBX 910, near their 52-week high of GBX 935, while the company reported quarterly EPS of GBX 18.10 and analysts expect full-year EPS of approximately GBX 54.05.

Bodycote plc (LON:BOY - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 875.83.

BOY has been the topic of several research reports. Jefferies Financial Group restated a "buy" rating and set a GBX 900 price target on shares of Bodycote in a research note on Wednesday, July 29th. Berenberg Bank reissued a "buy" rating and set a GBX 900 price objective on shares of Bodycote in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 960 price objective on shares of Bodycote in a report on Thursday, August 6th. Finally, Royal Bank Of Canada boosted their price objective on Bodycote from GBX 750 to GBX 950 and gave the company a "sector perform" rating in a research report on Thursday, August 6th.

Bodycote Price Performance

Shares of Bodycote stock opened at GBX 910 on Friday. 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 company has a market cap of £1.54 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35. The firm has a fifty day moving average price of GBX 723.15 and a two-hundred day moving average price of GBX 720.72. Bodycote has a fifty-two week low of GBX 585 and a fifty-two week high of GBX 935.

Bodycote (LON:BOY - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported GBX 18.10 EPS for the quarter. Bodycote had a net margin of 7.87% and a return on equity of 9.30%. Analysts expect 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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