Bodycote (LON:BOY) Share Price Passes Above Two Hundred Day Moving Average of $578.55

Bodycote plc (LON:BOY – Get Rating)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 578.55 ($7.05) and traded as high as GBX 631 ($7.69). Bodycote shares last traded at GBX 589 ($7.18), with a volume of 780,027 shares trading hands.

Analyst Ratings Changes

A number of research analysts have issued reports on BOY shares. JPMorgan Chase & Co. raised their price target on shares of Bodycote from GBX 575 ($7.01) to GBX 585 ($7.13) and gave the stock an “underweight” rating in a report on Thursday, December 8th. Panmure Gordon downgraded shares of Bodycote to a “sell” rating and set a GBX 543 ($6.62) target price on the stock. in a research note on Wednesday, February 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 660.60 ($8.05).

Bodycote Price Performance

The company’s fifty day moving average is GBX 647.59 and its 200 day moving average is GBX 578.55. The company has a quick ratio of 0.74, a current ratio of 0.83 and a debt-to-equity ratio of 21.36. The stock has a market cap of £1.13 billion, a PE ratio of 1,900.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.20.

Bodycote Company Profile

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Bodycote plc provides heat treatment and thermal processing services worldwide. The company operates in two Aerospace, Defence & Energy; and Automotive & General Industrial segments. It offers heat treatment services, including altering the microstructure of metals and alloys, such as steel and aluminum to impart properties comprising surface hardness, temperature resistance, ductility, and strength; metal joining services consisting of electron beam welding, HIP diffusion bonding, hydrogen brazing, induction brazing, and vacuum and honeycomb brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy.