Bodycote (LON:BOY) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Bodycote plc (LON:BOY) passed 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.

Wall Street Analysts Forecast Growth

BOY has been the topic of several research analyst reports. Jefferies Financial Group raised their price objective on shares of Bodycote from GBX 915 to GBX 925 and gave the stock a “buy” rating in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Bodycote from GBX 860 to GBX 835 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Bodycote in a research report on Tuesday, January 6th. Peel Hunt reissued a “buy” rating and set a GBX 845 target price on shares of Bodycote in a research report on Tuesday, November 18th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 800 price target on shares of Bodycote in a report on Friday, November 28th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 808.33.

Bodycote Stock Performance

The company has a debt-to-equity ratio of 20.84, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a 50 day moving average price of GBX 707.71 and a two-hundred day moving average price of GBX 658.77. The company has a market capitalization of £1.29 billion, a P/E ratio of 46.66, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18.

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.