Bodycote (LON:BOY) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Bodycote's stock price recently crossed above its 200-day moving average, trading at GBX 642 ($8.71) after reaching a high of GBX 653.50 ($8.86).
• Analysts have a consensus rating of "Moderate Buy" for Bodycote, with price targets ranging from GBX 650 to GBX 800, indicating potential further growth.
• The firm reported earnings of GBX 21.30 per share for the last quarter, with expectations set for 54.05 EPS for the current fiscal year.

Bodycote plc (LON:BOY - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 575.75 ($7.81) and traded as high as GBX 653.50 ($8.86). Bodycote shares last traded at GBX 642 ($8.71), with a volume of 122,337 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BOY. Royal Bank Of Canada lifted their price target on shares of Bodycote from GBX 650 to GBX 775 and gave the company an "outperform" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Bodycote in a research report on Monday, August 4th. Berenberg Bank reissued a "buy" rating and set a GBX 800 price target on shares of Bodycote in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 700 price target on shares of Bodycote in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 758.33.

Bodycote Stock Performance

The firm has a market capitalization of £1.13 billion, a P/E ratio of 4,012.50, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 20.84. The business's 50 day simple moving average is GBX 621.37 and its two-hundred day simple moving average is GBX 575.75.

Bodycote (LON:BOY - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported GBX 21.30 earnings per share for the quarter. Bodycote had a net margin of 8.01% and a return on equity of 8.14%. Sell-side analysts anticipate that Bodycote plc will post 54.0540541 EPS 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.

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