Bodycote (LON:BOY) Stock Price Up 0.1% - Here's Why

Key Points

• Bodycote shares rose 0.1% to GBX 956 during mid-day trading, with volume reaching about 2.91 million shares—63% above the average session volume.
• Analyst sentiment remains positive: four analysts rate the stock a Buy and two a Hold, resulting in a “Moderate Buy” consensus. Target prices range from GBX 900 to GBX 960, versus an average target of GBX 875.83.
• Bodycote reported quarterly EPS of GBX 18.10, alongside a 7.87% net margin and 9.30% return on equity; analysts expect full-year EPS of approximately GBX 54.05.

Bodycote plc (LON:BOY - Get Free Report)'s share price was up 0.1% during mid-day trading on Wednesday . The stock traded as high as GBX 958 and last traded at GBX 956. Approximately 2,905,880 shares were traded during trading, an increase of 63% from the average session volume of 1,782,658 shares. The stock had previously closed at GBX 955.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. 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. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 960 price target on shares of Bodycote in a research report on Thursday, August 6th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 900 price objective on shares of Bodycote in a research note on Thursday, August 6th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 900 price objective on shares of Bodycote in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Bodycote has a consensus rating of "Moderate Buy" and an average target price of GBX 875.83.

Bodycote Trading Up 0.1%

The company has a debt-to-equity ratio of 35.03, a quick ratio of 0.74 and a current ratio of 1.12. The stock has a market capitalization of £1.62 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35. The business's 50-day moving average is GBX 775.86 and its two-hundred day moving average is GBX 734.65.

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%. As a group, equities research analysts anticipate 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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