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

Bodycote plc (LON:BOY) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 591.02 ($7.88) and traded as high as GBX 681 ($9.08). Bodycote shares last traded at GBX 671 ($8.95), with a volume of 7,878,117 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BOY shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Bodycote in a research report on Monday, August 4th. Royal Bank Of Canada boosted their price objective on shares of Bodycote from GBX 650 to GBX 775 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Bodycote from GBX 700 to GBX 860 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 800 price objective on shares of Bodycote in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 811.67.

Bodycote Stock Down 0.9%

The firm’s 50-day simple moving average is GBX 646.54 and its 200 day simple moving average is GBX 591.02. The company has a debt-to-equity ratio of 20.84, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a market capitalization of £1.17 billion, a P/E ratio of 41.94, a PEG ratio of 1.44 and a beta of 1.18.

Bodycote (LON:BOY) last released its quarterly earnings data on Wednesday, July 30th. The company reported GBX 21.30 earnings per share for the quarter. Bodycote had a net margin of 8.01% and a return on equity of 8.14%. As a group, research analysts expect that Bodycote plc 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.