Bodycote (LON:BOY) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Bodycote plc (LON:BOY) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 684.51 and traded as low as GBX 679. Bodycote shares last traded at GBX 690, with a volume of 8,809,203 shares.

Analyst Upgrades and Downgrades

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

Bodycote Stock Down 0.1%

The company has a debt-to-equity ratio of 29.79, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of £1.19 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 1.44 and a beta of 1.22. The firm’s 50-day simple moving average is GBX 751.90 and its 200 day simple moving average is GBX 684.51.

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.