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Home / Support and Resistance / Bodycote (BOY.L) 09-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Bodycote (BOY.L) 09-03-20

Will Bodycote (BOY.L) shares break below the 666p support, or return to highs of 965p (+44%)?

 

  • Currently close to the 666p support at 666.22p (at time of writing).
  • This has been identified for ostensibly strong support level. Traders should consider whether they think it will hold up again.
  • Will the price bounce again to recent highs at 965p? (+44%).
  • Technical traders should consider potential news and developments. Check our website and the press for updates in future.
  • Shares -31% from 12-month highs; +2% from 12 month lows.

Latest News

19 Feb:  Morgan Stanley has downgraded its rating on Bodycote (BOY) to underweight (from equal weight) and reduced the target price to 770p (from 810p).

19 Feb:  Peel Hunt reiterates its buy rating on Bodycote (BOY) and increased the target price to 1020p (from 820p).

20 Jan:  Berenberg reiterates its hold rating on Bodycote (BOY) and increased the target price to 860p (from 735p).

20 Jan:  Barclays Capital today initiates coverage of Bodycote (BOY) with a equal weight rating and target price of 910p.

17 Jan:  RBC Capital Markets has downgraded its rating on Bodycote (BOY) to sector performer (from outperform) and increased the target price to 1000p (from 930p).

 

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

 

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