Bodycote (LON:BOY) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Bodycote shares rose above their 200-day moving average, reaching GBX 948 and last trading at GBX 941.50 on heavy volume. The stock’s 50-day and 200-day averages were GBX 830.74 and GBX 746.44, respectively.
• Analyst sentiment is positive but mixed, with three Buy ratings and three Holds, producing a consensus “Moderate Buy” rating. The consensus price target is GBX 881.33, below the latest share price.
• Bodycote reported quarterly EPS of GBX 18.10, with a 7.87% net margin and 9.30% return on equity; analysts expect full-year EPS of approximately GBX 54.05.

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 746.44 and traded as high as GBX 948. Bodycote shares last traded at GBX 941.50, with a volume of 13,695,923 shares.

Analyst Upgrades and Downgrades

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

Bodycote Trading Up 0.3%

The company has a debt-to-equity ratio of 35.03, a current ratio of 1.12 and a quick ratio of 0.74. The stock has a market capitalization of £1.59 billion, a PE ratio of 28.02, a PEG ratio of 1.44 and a beta of 1.35. The stock's 50 day simple moving average is GBX 830.74 and its two-hundred day simple moving average is GBX 746.44.

Bodycote (LON:BOY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported GBX 18.10 earnings per share (EPS) for the quarter. Bodycote had a net margin of 7.87% and a return on equity of 9.30%. On average, sell-side analysts expect that Bodycote plc will post 54.0540541 EPS 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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