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Bodycote ( (GB:BOY) ) has provided an update.
Bodycote plc has continued its previously announced £80 million share repurchase programme, buying 110,000 ordinary shares for cancellation between 5 and 8 May 2026 at prices ranging from 662.50p to 713.00p, with a volume-weighted average of 692.52p. These purchases form part of the first £40 million tranche executed via Barclays Bank on the London Stock Exchange.
Since the programme began, Bodycote has acquired a total of 1,144,016 shares for cancellation, reducing its share count to 171,618,574 ordinary shares in issue and thereby increasing the relative ownership of remaining shareholders. The buyback, which will be reported weekly, underscores the company’s ongoing capital return strategy and may signal management’s confidence in the business and its long-term prospects.
The most recent analyst rating on (GB:BOY) stock is a Hold with a £725.00 price target. To see the full list of analyst forecasts on Bodycote stock, see the GB:BOY Stock Forecast page.
Spark’s Take on BOY Stock
According to Spark, TipRanks’ AI Analyst, BOY is a Neutral.
The score is driven primarily by mid-tier financial performance: a strong 2025 profitability rebound and a solid balance sheet are tempered by uneven revenue trends and inconsistent free cash flow conversion. Technicals are mildly supportive but not strong due to negative MACD, and valuation looks somewhat demanding despite a decent dividend yield.
To see Spark’s full report on BOY stock, click here.
More about Bodycote
Bodycote plc operates in the industrial services sector, specialising in thermal processing and related technologies for manufacturers across aerospace, automotive, energy, and general industrial markets. The company focuses on enhancing the performance and durability of metal components, positioning itself as a key provider of heat treatment and specialist thermal services to global engineering supply chains.
Average Trading Volume: 330,847
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.2B
For an in-depth examination of BOY stock, go to TipRanks’ Overview page.