Bodycote (LON:BOY) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Bodycote plc (LON:BOY)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 603.20 and traded as high as GBX 629.50. Bodycote shares last traded at GBX 620, with a volume of 111,749 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 800 price objective on shares of Bodycote in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Bodycote from GBX 700 to GBX 860 and gave the company a “buy” rating in a report on Monday, October 6th. 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 report on Thursday, July 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Bodycote from GBX 610 to GBX 600 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 758.75.

Bodycote Stock Performance

The company has a market cap of £1.07 billion, a P/E ratio of 38.34, a P/E/G ratio of 1.44 and a beta of 1.18. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 20.84. The business has a fifty day simple moving average of GBX 642.79 and a two-hundred day simple moving average of GBX 603.20.

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.