Will shares in Bodycote (BOY.L) continue to push upwards, reaching new highs?

• Now trading at 878.5p (at time of writing), the share price momentum has been very strong.
• Will it come to an end, or is this trend your friend?
• Could this be the ideal opportunity for momentum traders?
• Shares -2% from 12-month highs; +34% from 12 month lows.

Latest News

25 Nov:  Goldman Sachs reiterates its sell rating on Bodycote (BOY) and increased the target price to 700p (from 690p).

20 Nov:  Bodycote, the thermal processing services firm, posted a 1% revenue increase for the four months to the end of October. It experienced weaknesses in the automotive and general industrial markets.

23 Oct:  HSBC has downgraded its rating on Bodycote (BOY) to hold (from buy) and reduced the target price to 725p  (from 885p).

22 Oct:  JP Morgan Cazenove reiterates its neutral rating on Bodycote (BOY) and reduced the target price to 750p (from 800p).

21 Oct:  Peel Hunt reiterates its buy rating on Bodycote (BOY) and reduced the target price to 820p (from 925p).

16 Oct:  Liberum Capital reiterates its hold rating on Bodycote (BOY) and reduced the target price to 700p (from 740p).

11 Oct:  Bank of America Merrill Lynch reiterates its underperform rating on Bodycote (BOY) and reduced the target price to 700p (from 750p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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