Bodycote (LON:BOY) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Bodycote plc (LON:BOY) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 692.39 and traded as high as GBX 699.50. Bodycote shares last traded at GBX 684.89, with a volume of 384,737 shares traded.

Wall Street Analysts Forecast Growth

BOY has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Bodycote from GBX 670 to GBX 700 and gave the stock 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 price objective for the company. in a research note on Thursday, March 12th. Berenberg Bank reiterated a “buy” rating and set a GBX 900 price objective on shares of Bodycote in a research note on Thursday, March 12th. Finally, Jefferies Financial Group upped their price objective on shares of Bodycote from GBX 915 to GBX 925 and gave the company a “buy” rating in a report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 830.

Bodycote Trading Down 2.7%

The company has a debt-to-equity ratio of 29.80, a current ratio of 1.15 and a quick ratio of 0.74. The stock has a market cap of £1.16 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 1.44 and a beta of 1.34. The company’s fifty day moving average price is GBX 674.48 and its 200-day moving average price is GBX 692.46.

Bodycote (LON:BOY) last posted 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%. On average, research analysts expect 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.