Bodycote (LON:BOY) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Bodycote shares rose above their 200-day moving average, reaching GBX 918 and last trading at GBX 910.50, compared with a 200-day average of GBX 765.20.
• Analyst sentiment is broadly positive, with three Buy and three Hold ratings; the consensus rating is “Moderate Buy,” while the average price target is GBX 881.33—below the current share price.
• Bodycote reported quarterly earnings per share of GBX 18.10, alongside a 7.87% net margin and 9.30% return on equity. Analysts expect approximately 54.05 EPS for the current fiscal year.

Bodycote plc (LON:BOY - Get Free Report) shares passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 765.20 and traded as high as GBX 918. Bodycote shares last traded at GBX 910.50, with a volume of 872,974 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BOY. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 900 target price on shares of Bodycote in a research note on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on Bodycote from GBX 750 to GBX 950 and gave the company a "sector perform" rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 960 price target on shares of Bodycote in a report on Thursday, August 6th. Finally, Berenberg Bank increased their price objective on Bodycote from GBX 900 to GBX 933 and gave the stock a "hold" rating in a report on Friday, September 4th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Bodycote currently has an average rating of "Moderate Buy" and a consensus target price of GBX 881.33.

Bodycote Trading Up 0.1%

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 firm has a fifty day moving average price of GBX 899.19 and a 200 day moving average price of GBX 765.20. The company has a market cap of £1.54 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 1.44 and a beta of 1.35.

Bodycote (LON:BOY - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share for the quarter. Bodycote had a net margin of 7.87% and a return on equity of 9.30%. As a group, equities analysts predict 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.

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