Bodycote (LON:BOY) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Bodycote plc (LON:BOY)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 692.39 and traded as high as GBX 699.50. Bodycote shares last traded at GBX 684.89, with a volume of 384,737 shares changing hands.

Analyst Ratings Changes

Several research firms have weighed in on BOY. Royal Bank Of Canada cut Bodycote to a “sector perform” rating and set a GBX 775 target price on the stock. in a research note on Thursday, March 12th. Jefferies Financial Group lifted their target price on Bodycote from GBX 915 to GBX 925 and gave the company a “buy” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. lifted their target price on Bodycote from GBX 670 to GBX 700 and gave the company a “neutral” rating in a research note on Thursday, March 19th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 900 target price on shares of Bodycote in a research note on Thursday, March 12th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 830.

Bodycote Trading Down 0.5%

The firm has a market cap of £1.17 billion, a P/E ratio of 22.09, a PEG ratio of 1.44 and a beta of 1.34. The company has a 50 day moving average of GBX 675.98 and a 200 day moving average of GBX 692.39. The company has a debt-to-equity ratio of 29.80, a quick ratio of 0.74 and a current ratio of 1.15.

Bodycote (LON:BOY) last announced its quarterly earnings results on Wednesday, March 11th. The company reported GBX 44.40 EPS for the quarter. Bodycote had a return on equity of 8.58% and a net margin of 7.55%. Analysts predict that Bodycote plc will post 54.0540541 EPS for the current fiscal 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.