Bodycote (OTCMKTS:BYPLF) Upgraded to “Moderate Buy” at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Bodycote (OTCMKTS:BYPLF) from a hold rating to a moderate buy rating in a research note issued to investors on Tuesday, Zacks.com reports.

Separately, Barclays upgraded shares of Bodycote to a “hold” rating in a research note on Friday, August 16th.

Bodycote Price Performance

Shares of OTCMKTS:BYPLF opened at $7.25 on Tuesday. Bodycote has a 12-month low of $7.25 and a 12-month high of $9.28. The business has a 50 day moving average of $8.58 and a two-hundred day moving average of $8.61.

About Bodycote

Bodycote plc provides heat treatment and thermal processing services worldwide. It operates in two business areas, Aerospace, Defence & Energy; and Automotive & General Industrial. The company 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, HIP diffusion bonding, hydrogen brazing, induction brazing, and furnace/vacuum brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy.