Bodycote (OTCMKTS:BYPLF) Downgraded to Hold Rating by Berenberg Bank

Berenberg Bank cut shares of Bodycote (OTCMKTS:BYPLF) from a strong-buy rating to a hold rating in a research report released on Friday,Zacks reports.

Several other equities analysts have also commented on the company. Royal Bank Of Canada restated a “sector perform” rating on shares of Bodycote in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Bodycote in a report on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Bodycote currently has a consensus rating of “Moderate Buy”.

Bodycote Price Performance

Shares of BYPLF stock opened at $12.30 on Friday. Bodycote has a twelve month low of $9.00 and a twelve month high of $12.30. The stock has a fifty day simple moving average of $10.61 and a two-hundred day simple moving average of $10.05. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20.

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.