Bodycote (LON:BOY) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Bodycote plc (LON:BOY) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 685.51 and traded as low as GBX 620. Bodycote shares last traded at GBX 629, with a volume of 284,583 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BOY. 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. Jefferies Financial Group boosted their target price on shares of Bodycote from GBX 915 to GBX 925 and gave the company a “buy” rating in a research note on Monday, January 26th. 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Bodycote presently has an average rating of “Moderate Buy” and a consensus target price of GBX 830.

Bodycote Stock Performance

The firm has a market capitalization of £1.15 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.44 and a beta of 1.22. The company has a current ratio of 1.15, a quick ratio of 0.74 and a debt-to-equity ratio of 29.80. The business’s 50 day simple moving average is GBX 712.99 and its two-hundred day simple moving average is GBX 685.51.

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

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.