Bodycote (LON:BOY) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Bodycote plc (LON:BOY)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 713.61 and traded as high as GBX 715. Bodycote shares last traded at GBX 689, with a volume of 616,339 shares.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Bodycote to a “buy” rating and raised their price objective for the company from GBX 835 to GBX 960 in a research report on Thursday, May 28th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Bodycote has a consensus rating of “Moderate Buy” and an average price target of GBX 850.83.

Bodycote Price Performance

The business has a 50-day moving average price of GBX 714.37 and a 200 day moving average price of GBX 713.61. The company has a market cap of £1.17 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 1.44 and a beta of 1.35. The company has a current ratio of 1.15, a quick ratio of 0.74 and a debt-to-equity ratio of 29.80.

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.