Bodycote PLC (LON:BOY)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $756.52 and traded as high as $882.50. Bodycote shares last traded at $865.00, with a volume of 383,732 shares.
BOY has been the subject of a number of research analyst reports. Berenberg Bank reduced their price objective on shares of Bodycote from GBX 845 ($11.04) to GBX 735 ($9.60) and set a “hold” rating for the company in a research report on Tuesday, August 20th. Bank of America dropped their target price on shares of Bodycote from GBX 750 ($9.80) to GBX 700 ($9.15) and set an “underperform” rating for the company in a report on Thursday, October 10th. Goldman Sachs Group upped their target price on shares of Bodycote from GBX 690 ($9.02) to GBX 700 ($9.15) and gave the stock a “sell” rating in a report on Monday, November 25th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Bodycote in a report on Monday, November 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 925 ($12.09) target price on shares of Bodycote in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 813.85 ($10.63).
The company has a debt-to-equity ratio of 17.82, a current ratio of 0.92 and a quick ratio of 0.83. The stock’s fifty day moving average is GBX 764.24 and its 200-day moving average is GBX 756.52. The stock has a market cap of $1.66 billion and a PE ratio of 16.51.
Bodycote plc provides thermal processing services worldwide. The company operates in two business areas, Aerospace, Defence & Energy; and Automotive & General Industrial. It offers heat treatment services, including altering the microstructure of metals and alloys, such as steel and aluminum to impart properties comprising surface hardness, temperature resistance, ductility, and strength; metal joining services consisting of electron beam welding, and vacuum and honeycomb brazing; and Hot isostatic pressing (HIP) services, including HIP product fabrication, isostatic pressing, and HIP supporting services.
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