Bodycote (LON:BOY) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Bodycote plc (LON:BOY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 619.04 and traded as high as GBX 686.50. Bodycote shares last traded at GBX 675, with a volume of 3,582,953 shares trading hands.

Analyst Upgrades and Downgrades

BOY has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Bodycote from GBX 600 to GBX 670 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Peel Hunt restated a “buy” rating and issued a GBX 845 target price on shares of Bodycote in a research report on Tuesday, November 18th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 800 price target on shares of Bodycote in a report on Friday, November 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Bodycote from GBX 860 to GBX 835 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 785.

Bodycote Stock Performance

The firm has a market capitalization of £1.19 billion, a price-to-earnings ratio of 42.81, a PEG ratio of 1.44 and a beta of 1.18. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 20.84. The stock’s 50-day moving average is GBX 641.13 and its 200-day moving average is GBX 620.61.

Bodycote Company Profile

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.