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

Bodycote plc (LON:BOY)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 658.77 and traded as high as GBX 746.50. Bodycote shares last traded at GBX 746.50, with a volume of 147,295 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BOY shares. JPMorgan Chase & Co. restated a “neutral” rating on shares of Bodycote in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Bodycote from GBX 860 to GBX 835 and set a “buy” rating for the company in a research note on Tuesday, November 18th. Berenberg Bank restated a “buy” rating and set a GBX 800 price target on shares of Bodycote in a research report on Friday, November 28th. Peel Hunt reaffirmed a “buy” rating and set a GBX 845 price target on shares of Bodycote in a report on Tuesday, November 18th. Finally, Jefferies Financial Group lifted their price objective on Bodycote from GBX 915 to GBX 925 and gave the company a “buy” rating in a research report on Monday, January 26th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 808.33.

Bodycote Stock Performance

The stock has a market cap of £1.29 billion, a price-to-earnings ratio of 46.66, a P/E/G 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 firm has a fifty day simple moving average of GBX 707.71 and a 200-day simple moving average of GBX 658.77.

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.