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

Bodycote plc (LON:BOY) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Bodycote to a “buy” rating and boosted their price objective for the stock from GBX 835 to GBX 960 in a report on Thursday, May 28th. JPMorgan Chase & Co. boosted their target price 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. Royal Bank Of Canada lowered shares of Bodycote to a “sector perform” rating and set a GBX 775 target price for the company. in a research note on Thursday, March 12th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 900 target price on shares of Bodycote in a research note on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 850.83.

Bodycote Stock Performance

The business’s 50-day moving average price is GBX 715.90 and its 200-day moving average price is GBX 712.65. The company has a debt-to-equity ratio of 29.80, a quick ratio of 0.74 and a current ratio of 1.15. The stock 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.

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