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An update from Bodycote ( (GB:BOY) ) is now available.
Bodycote plc has continued executing the first £40 million tranche of its £80 million share repurchase programme, buying 164,567 ordinary shares for cancellation between 16 and 20 March 2026 through Barclays Bank at prices ranging from 613.00p to 673.00p, with a volume-weighted average of 641.81p. Since the start of the programme, the company has acquired a total of 220,105 shares for cancellation, reducing its share count to 172,542,485 ordinary shares in issue and thereby consolidating voting rights among remaining shareholders while signalling ongoing capital returns to investors.
The share purchases were conducted as on-exchange transactions in line with London Stock Exchange rules and relevant UK regulatory requirements, including the UK Listing Rules and the Market Abuse Regulation. Bodycote plans to continue disclosing buyback activity on a weekly basis, providing transparency around the pace of the programme and its impact on the company’s capital structure and shareholder base.
The most recent analyst rating on (GB:BOY) stock is a Buy with a £685.00 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 is a UK-listed specialist in thermal processing and heat treatment services, providing critical metallurgical and surface engineering solutions to industrial customers. The company serves sectors such as aerospace, automotive, energy, and general industrial manufacturing, focusing on enhancing material performance and extending component life for global OEMs and their supply chains.
Average Trading Volume: 311,460
Technical Sentiment Signal: Hold
Current Market Cap: £1.06B
For an in-depth examination of BOY stock, go to TipRanks’ Overview page.