Bodycote (LON:BOY) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Bodycote briefly crossed above its 200-day moving average in trading, hitting an intraday high of GBX 696 versus the 200‑day MA of GBX 690.10, though the stock last traded at GBX 689.50.
• Analysts hold a consensus “Moderate Buy” rating with a consensus price target of GBX 830, reflecting four Buy and two Hold ratings and recent target upgrades (e.g., Jefferies GBX 925, Berenberg GBX 900).
• Key fundamentals include a market cap of £1.18bn, a PE ratio of 22.24, PEG 1.44, debt-to-equity 29.8%, and recent quarterly EPS of GBX 44.40 with a net margin of 7.55%.

Bodycote plc (LON:BOY - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 690.10 and traded as high as GBX 696. Bodycote shares last traded at GBX 689.50, with a volume of 296,874 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BOY shares. Berenberg Bank restated a "buy" rating and set a GBX 900 target price on shares of Bodycote in a research report on Thursday, March 12th. Royal Bank Of Canada downgraded shares of Bodycote to a "sector perform" rating and set a GBX 775 price target for the company. in a research report on Thursday, March 12th. Jefferies Financial Group boosted their price target on Bodycote from GBX 915 to GBX 925 and gave the stock a "buy" rating in a research note on Monday, January 26th. Finally, JPMorgan Chase & Co. upped their price target on Bodycote from GBX 670 to GBX 700 and gave the stock a "neutral" rating in a report on Thursday, March 19th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 830.

Bodycote Price Performance

The company has a debt-to-equity ratio of 29.80, a quick ratio of 0.74 and a current ratio of 1.15. The firm's 50-day moving average is GBX 692.07 and its 200 day moving average is GBX 690.10. The firm has a market capitalization of £1.18 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.44 and a beta of 1.30.

Bodycote (LON:BOY - Get Free Report) last posted its earnings results on Wednesday, March 11th. The company reported GBX 44.40 earnings per share for the quarter. Bodycote had a net margin of 7.55% and a return on equity of 8.58%. As a group, research analysts forecast that Bodycote plc will post 54.0540541 earnings per share for the current fiscal 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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