Bodycote (LON:BOY) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

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 727.47 and traded as high as GBX 919. Bodycote shares last traded at GBX 908.50, with a volume of 11,581,137 shares.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 900 price target on shares of Bodycote in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 960 price objective on shares of Bodycote in a research report on Thursday, August 6th. Royal Bank Of Canada increased their target price on Bodycote from GBX 750 to GBX 950 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 900 target price on shares of Bodycote in a report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Bodycote has a consensus rating of “Moderate Buy” and a consensus target price of GBX 875.83.

Bodycote Stock Performance

The company has a market cap of £1.54 billion, a PE ratio of 27.04, a PEG ratio of 1.44 and a beta of 1.35. The company has a debt-to-equity ratio of 35.03, a current ratio of 1.12 and a quick ratio of 0.74. The business has a 50-day moving average of GBX 747.28 and a 200 day moving average of GBX 727.47.

Bodycote (LON:BOY) last announced its earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share (EPS) for the quarter. Bodycote had a return on equity of 9.30% and a net margin of 7.87%. Equities research analysts anticipate that Bodycote plc will post 54.0540541 EPS for the current fiscal year.

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.