Bodycote (LON:BOY) Shares Cross Above 200-Day Moving Average - What's Next?

Key Points

• Bodycote plc's stock price recently crossed above its 200-day moving average, currently trading at GBX 619.24 ($8.32), up from a previous high of GBX 632.50 ($8.50).
• Analysts have given **positive ratings** for Bodycote, with price targets ranging from GBX 700 ($9.40) to GBX 800 ($10.75), indicating strong future expectations.
• The company's most recent earnings report indicated an EPS of GBX 21.30 ($0.29) for the quarter, accompanied by a net margin of **8.01%** and a return on equity of **8.14%**.

Bodycote plc (LON:BOY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 576.59 ($7.74) and traded as high as GBX 632.50 ($8.50). Bodycote shares last traded at GBX 619.24 ($8.32), with a volume of 161,406 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BOY shares. Berenberg Bank reiterated a "buy" rating and set a GBX 800 ($10.75) price target on shares of Bodycote in a report on Wednesday, July 30th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Bodycote in a report on Monday, August 4th. Royal Bank Of Canada boosted their price objective on shares of Bodycote from GBX 650 ($8.73) to GBX 775 ($10.41) and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 700 ($9.40) price objective on shares of Bodycote in a report on Thursday, July 31st.

Bodycote Price Performance

The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 20.84. The firm's fifty day moving average price is GBX 591.19 and its two-hundred day moving average price is GBX 576.59. The stock has a market capitalization of £1.11 billion, a PE ratio of 18.73, a PEG ratio of 1.44 and a beta of 1.18.

Bodycote (LON:BOY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported GBX 21.30 ($0.29) EPS for the quarter. Bodycote had a net margin of 8.01% and a return on equity of 8.14%. On average, equities analysts predict that Bodycote plc will post 54.0540541 earnings per share for the current 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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