Bodycote (LON:BOY) Shares Cross Above 200-Day Moving Average - Time to Sell?

Key Points

• Bodycote shares rose above their 200-day moving average, reaching GBX 910.50 and closing around GBX 910 on substantial volume. The stock was up 0.1%, with its 200-day average at GBX 791.75.
• Analyst sentiment remains positive but mixed: Bodycote has an average rating of “Moderate Buy”, based on three Buy and three Hold ratings, while the consensus price target is GBX 881.33—below the latest share price.
• The company reported quarterly EPS of GBX 18.10, with a 9.30% return on equity and 7.87% net margin. Analysts expect full-year EPS of approximately GBX 54.05.

Bodycote plc (LON:BOY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 791.75 and traded as high as GBX 910.50. Bodycote shares last traded at GBX 910, with a volume of 3,015,144 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on BOY. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 960 price objective on shares of Bodycote in a report on Thursday, August 6th. Berenberg Bank upped 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. Royal Bank Of Canada raised their target price on Bodycote from GBX 750 to GBX 950 and gave the company a "sector perform" rating in a report on Thursday, August 6th. Finally, Jefferies Financial Group restated 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 given a Hold rating to the stock. According to MarketBeat, Bodycote presently has an average rating of "Moderate Buy" and a consensus target price of GBX 881.33.

Bodycote Stock Up 0.1%

The stock has a market capitalization of £1.54 billion, a PE ratio of 27.08, a P/E/G ratio of 1.44 and a beta of 1.35. The firm has a 50 day moving average of GBX 925.37 and a two-hundred day moving average of GBX 791.75. The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 35.03.

Bodycote (LON:BOY - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported GBX 18.10 earnings per share (EPS) for the quarter. Bodycote had a return on equity of 9.30% and a net margin of 7.87%. Equities research analysts anticipate that Bodycote plc will post 54.05 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.