Bodycote (LON:BOY) Stock Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Bodycote plc stock exceeded its 200-day moving average, trading at GBX 642 ($8.63) with a volume of 165,548 shares on a recent trading day.
• Analysts have raised their target prices for Bodycote, with Royal Bank of Canada increasing it from GBX 650 to GBX 775, while Berenberg Bank issued a target price of GBX 800, indicating a positive outlook for the company.
• The company reported an EPS of GBX 21.30 for the latest quarter, with an expected EPS of 54.05 for the current fiscal year, reflecting a net margin of 8.01%.

Bodycote plc (LON:BOY - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 576.27 ($7.80) and traded as high as GBX 644.50 ($8.72). Bodycote shares last traded at GBX 642 ($8.69), with a volume of 165,548 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Berenberg Bank reiterated a "buy" rating and set a GBX 800 target price on shares of Bodycote in a research note on Wednesday, July 30th. Royal Bank Of Canada upped their price objective on Bodycote from GBX 650 to GBX 775 and gave the company an "outperform" rating in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 700 price objective on shares of Bodycote in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Bodycote in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 758.33.

Bodycote Price Performance

The firm has a market cap of £1.13 billion, a P/E ratio of 4,015.63, a PEG ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 20.84, a current ratio of 0.81 and a quick ratio of 0.74. The company's 50-day moving average is GBX 620.15 and its two-hundred day moving average is GBX 575.81.

Bodycote (LON:BOY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported GBX 21.30 EPS 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.

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.