Bodycote (LON:BOY) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Bodycote plc (LON:BOY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 712.65 and traded as high as GBX 727. Bodycote shares last traded at GBX 709.50, with a volume of 442,904 shares trading hands.

Wall Street Analysts Forecast Growth

BOY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded Bodycote to a “buy” rating and upped their price target for the stock from GBX 835 to GBX 960 in a research note on Thursday, May 28th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 900 target price on shares of Bodycote in a report on Thursday, March 12th. Royal Bank Of Canada cut shares of Bodycote to a “sector perform” rating and set a GBX 775 price target for the company. in a report on Thursday, March 12th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Bodycote from GBX 670 to GBX 700 and gave the stock a “neutral” rating in a research report on Thursday, March 19th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 850.83.

Bodycote Stock Performance

The stock has a market capitalization of £1.21 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 1.44 and a beta of 1.34. The firm has a fifty day moving average of GBX 715.90 and a 200-day moving average of GBX 712.65. The company has a quick ratio of 0.74, a current ratio of 1.15 and a debt-to-equity ratio of 29.80.

Bodycote (LON:BOY) last announced its quarterly earnings results on Wednesday, March 11th. The company reported GBX 44.40 earnings per share (EPS) for the quarter. Bodycote had a net margin of 7.55% and a return on equity of 8.58%. As a group, sell-side analysts anticipate 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.