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

Bodycote plc (LON:BOY)’s share price passed 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.

Analyst Ratings Changes

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

Bodycote Price Performance

The firm’s fifty day simple moving average is GBX 715.90 and its 200 day simple moving average is GBX 712.65. The firm has a market cap of £1.21 billion, a P/E ratio of 22.89, a P/E/G ratio of 1.44 and a beta of 1.34. The company has a debt-to-equity ratio of 29.80, a quick ratio of 0.74 and a current ratio of 1.15.

Bodycote (LON:BOY) last released its quarterly earnings data on Wednesday, March 11th. The company reported GBX 44.40 EPS for the quarter. Bodycote had a net margin of 7.55% and a return on equity of 8.58%. As a group, analysts forecast that Bodycote plc will post 54.0540541 earnings per share for the current 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.