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

Key Points

• Bodycote plc's shares have crossed above their 200-day moving average, currently trading at GBX 642 ($8.68), indicating a potentially positive trend in the stock's performance.
• Analysts have mixed ratings for the stock, with three giving it a "Buy" recommendation and one issuing a "Hold" rating, leading to a consensus rating of "Moderate Buy."
• Bodycote reported earnings per share (EPS) of GBX 21.30 for the last quarter, along with a net margin of 8.01% and a projected EPS of 54.05 for the current fiscal year.

Shares of Bodycote plc (LON:BOY - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 574.84 ($7.77) and traded as high as GBX 646.50 ($8.74). Bodycote shares last traded at GBX 642 ($8.68), with a volume of 267,698 shares.

Analyst Ratings Changes

BOY has been the subject of several research analyst reports. Royal Bank Of Canada raised their price target on shares of Bodycote from GBX 650 to GBX 775 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Bodycote in a research note on Monday, August 4th. Berenberg Bank reiterated a "buy" rating and issued a GBX 800 price objective on shares of Bodycote in a research note on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 700 price objective on shares of Bodycote in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Bodycote presently has a consensus rating of "Moderate Buy" and an average target price of GBX 758.33.

Bodycote Stock Performance

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 stock has a market capitalization of £1.11 billion, a P/E ratio of 3,956.25, a P/E/G ratio of 1.44 and a beta of 1.18. The company's fifty day simple moving average is GBX 626.21 and its 200 day simple moving average is GBX 574.84.

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