Bodycote (LON:BOY) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Bodycote plc (LON:BOY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 694.50 and traded as high as GBX 712.50. Bodycote shares last traded at GBX 698.50, with a volume of 5,552,629 shares traded.

Analysts Set New Price Targets

Several brokerages have recently commented on BOY. Royal Bank Of Canada downgraded Bodycote to a “sector perform” rating and set a GBX 775 target price on the stock. in a report on Thursday, March 12th. Jefferies Financial Group boosted their target price on Bodycote from GBX 915 to GBX 925 and gave the stock a “buy” rating in a report on Monday, January 26th. JPMorgan Chase & Co. boosted their target price on Bodycote from GBX 670 to GBX 700 and gave the stock a “neutral” rating in a report on Thursday, March 19th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 900 target price on shares of Bodycote in a report on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 830.

Bodycote Stock Up 1.8%

The firm has a market capitalization of £1.22 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 1.44 and a beta of 1.34. The company has a current ratio of 1.15, a quick ratio of 0.74 and a debt-to-equity ratio of 29.80. The firm has a fifty day moving average price of GBX 672.96 and a 200 day moving average price of GBX 694.50.

Bodycote (LON:BOY) last announced its earnings results on Wednesday, March 11th. The company reported GBX 44.40 EPS for the quarter. Bodycote had a return on equity of 8.58% and a net margin of 7.55%. Sell-side analysts anticipate that Bodycote plc will post 54.0540541 EPS for the current fiscal year.

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.