Bodycote (LON:BOY) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Bodycote plc (LON:BOY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 603.20 and traded as high as GBX 629.50. Bodycote shares last traded at GBX 620, with a volume of 111,749 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Bodycote from GBX 700 to GBX 860 and gave the stock a “buy” rating in a research note on Monday, October 6th. Royal Bank Of Canada boosted their price target on Bodycote from GBX 650 to GBX 775 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. cut their price target on Bodycote from GBX 610 to GBX 600 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 800 price objective on shares of Bodycote in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 758.75.

Bodycote Price Performance

The firm’s fifty day simple moving average is GBX 642.79 and its 200-day simple moving average is GBX 603.20. The firm has a market capitalization of £1.07 billion, a PE ratio of 38.34, a PEG ratio of 1.44 and a beta of 1.18. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 20.84.

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.