Bodycote (LON:BOY) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Bodycote plc (LON:BOY) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 627.05 ($7.80) and traded as high as GBX 636 ($7.91). Bodycote shares last traded at GBX 635 ($7.90), with a volume of 294,374 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 800 ($9.95) price objective on shares of Bodycote in a research note on Friday, December 13th.

Bodycote Stock Down 0.5 %

The firm has a 50-day moving average of GBX 635.39 and a 200 day moving average of GBX 627.05. The stock has a market capitalization of £1.16 billion, a price-to-earnings ratio of 1,913.88, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 20.80.

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.