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

Bodycote plc (LON:BOY) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 717.11 and traded as low as GBX 701.50. Bodycote shares last traded at GBX 716.50, with a volume of 7,255,835 shares changing hands.

Wall Street Analysts Forecast Growth

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

Bodycote Trading Down 1.9%

The business has a 50-day moving average price of GBX 724.18 and a two-hundred day moving average price of GBX 717.55. The stock has a market capitalization of £1.18 billion, a P/E ratio of 22.27, 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.

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.