Bodycote (LON:BOY) Hits New 52-Week Low – What’s Next?

Bodycote plc (LON:BOY)’s share price reached a new 52-week low on Friday . The stock traded as low as GBX 520 ($6.74) and last traded at GBX 570 ($7.38), with a volume of 1228541 shares changing hands. The stock had previously closed at GBX 637 ($8.25).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 800 ($10.36) price objective on shares of Bodycote in a report on Friday, December 13th.

Bodycote Stock Down 10.3 %

The company has a market cap of £1.02 billion, a P/E ratio of 17.19, a PEG ratio of 1.44 and a beta of 1.18. The stock has a 50-day moving average of GBX 643.95 and a 200 day moving average of GBX 621.42. The company has a debt-to-equity ratio of 20.84, a current ratio of 0.81 and a quick ratio of 0.74.

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.