Bodycote (LON:BOY) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Bodycote plc (LON:BOY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 679.70 and traded as high as GBX 790. Bodycote shares last traded at GBX 780, with a volume of 552,336 shares changing hands.

Analyst Ratings Changes

Several research firms recently commented on BOY. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Bodycote in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Bodycote from GBX 860 to GBX 835 and set a “buy” rating on the stock in a report on Tuesday, November 18th. Peel Hunt reiterated a “buy” rating and issued a GBX 845 price target on shares of Bodycote in a research report on Tuesday, November 18th. Jefferies Financial Group lifted their price objective on Bodycote from GBX 915 to GBX 925 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 800 target price on shares of Bodycote in a report on Friday, November 28th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 808.33.

Bodycote Stock Performance

The company has a market capitalization of £1.34 billion, a PE ratio of 48.75, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The stock’s fifty day simple moving average is GBX 748.24 and its 200-day simple moving average is GBX 679.70. The company has a debt-to-equity ratio of 20.84, a quick ratio of 0.74 and a current ratio of 0.81.

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.