Royal Bank Of Canada Downgrades Bodycote (OTCMKTS:BYPLF) to Hold

Bodycote (OTCMKTS:BYPLF) was downgraded by research analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Barclays raised shares of Bodycote from a “hold” rating to an “overweight” rating in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Bodycote Stock Performance

Bodycote stock opened at $10.05 on Thursday. Bodycote has a 1-year low of $8.50 and a 1-year high of $10.05. The firm’s fifty day simple moving average is $9.59 and its 200-day simple moving average is $8.94.

About Bodycote

Bodycote plc (OTCMKTS: BYPLF) is a global provider of industrial thermal processing and materials technology services. The company offers a range of solutions including heat treatment, hot isostatic pressing, surface coatings and metal joining, all designed to enhance mechanical performance, improve material properties and extend the service life of critical components.

Operating more than 140 facilities across Europe, North America and the Asia-Pacific region, Bodycote serves customers in aerospace, automotive, energy, medical and general industrial markets.