Bodycote plc (LON:BOY) Receives Consensus Rating of "Hold" from Analysts

Sat., March 18, 2023 | MarketBeat

Shares of Bodycote plc (LON:BOY - Get Rating) have been assigned an average rating of "Hold" from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 652.17 ($7.95).

Several research firms have recently weighed in on BOY. JPMorgan Chase & Co. lifted their target price on shares of Bodycote from GBX 575 ($7.01) to GBX 585 ($7.13) and gave the company an "underweight" rating in a report on Thursday, December 8th. Panmure Gordon downgraded Bodycote to a "sell" rating and set a GBX 543 ($6.62) target price on the stock. in a research report on Wednesday, February 8th. Finally, Numis Securities reiterated a "hold" rating and set a GBX 610 ($7.43) price target on shares of Bodycote in a research report on Friday.

Bodycote Stock Up 5.8 %

LON BOY traded up GBX 34 ($0.41) on Friday, hitting GBX 615.50 ($7.50). The stock had a trading volume of 2,799,418 shares, compared to its average volume of 323,746. Bodycote has a 52-week low of GBX 452.40 ($5.51) and a 52-week high of GBX 715 ($8.71). The business's fifty day moving average price is GBX 646.76 and its 200 day moving average price is GBX 579.04. The company has a debt-to-equity ratio of 21.36, a current ratio of 0.83 and a quick ratio of 0.74. The stock has a market cap of £1.18 billion, a price-to-earnings ratio of 1,985.48, a price-to-earnings-growth ratio of 1.44 and a beta of 1.20.

About Bodycote

(Get Rating)

Bodycote plc provides heat treatment and thermal processing services worldwide. The company operates in two Aerospace, Defence & Energy; and Automotive & General Industrial segments. It offers heat treatment services, including altering the microstructure of metals and alloys, such as steel and aluminum to impart properties comprising surface hardness, temperature resistance, ductility, and strength; metal joining services consisting of electron beam welding, HIP diffusion bonding, hydrogen brazing, induction brazing, and vacuum and honeycomb brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy.

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