Bodycote (LON:BOY) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Bodycote shares climbed above their 200-day moving average, reaching GBX 919 before closing at GBX 908.50 on heavy trading volume of more than 11.5 million shares.
• Analysts remain generally positive, with four Buy ratings and two Holds; the consensus is “Moderate Buy”, although the average price target of GBX 875.83 is below the latest share price.
• Bodycote reported quarterly EPS of GBX 18.10, alongside a 9.30% return on equity and 7.87% net margin. The company has a £1.54 billion market capitalization and trades at a P/E ratio of 27.04.

Bodycote plc (LON:BOY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 727.47 and traded as high as GBX 919. Bodycote shares last traded at GBX 908.50, with a volume of 11,581,137 shares trading hands.

Wall Street Analysts Forecast Growth

BOY has been the topic of a number of analyst reports. Berenberg Bank reissued a "buy" rating and issued a GBX 900 price target on shares of Bodycote in a research note on Thursday, August 6th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 900 price objective on shares of Bodycote in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 960 target price on shares of Bodycote in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada raised their target price on Bodycote from GBX 750 to GBX 950 and gave the stock a "sector perform" rating in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 875.83.

Bodycote Stock Performance

The company has a debt-to-equity ratio of 35.03, a quick ratio of 0.74 and a current ratio of 1.12. The stock's 50-day moving average is GBX 747.28 and its 200 day moving average is GBX 727.47. The firm has a market cap of £1.54 billion, a P/E ratio of 27.04, a PEG ratio of 1.44 and a beta of 1.35.

Bodycote (LON:BOY - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported GBX 18.10 EPS for the quarter. Bodycote had a return on equity of 9.30% and a net margin of 7.87%. On average, research analysts predict that Bodycote plc will post 54.0540541 earnings per share for the current year.

About Bodycote

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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