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Bodycote ( (GB:BOY) ) has issued an announcement.
Bodycote plc has announced the continuation of its share buyback program, purchasing 15,701 ordinary shares at an average price of 582.1958 pence per share. This move is part of an extended program that has seen the company buy back a total of 13,881,011 shares since March 2024, potentially signaling confidence in its financial health and aiming to enhance shareholder value.
The most recent analyst rating on (GB:BOY) stock is a Buy with a £955.00 price target. To see the full list of analyst forecasts on Bodycote stock, see the GB:BOY Stock Forecast page.
Spark’s Take on GB:BOY Stock
According to Spark, TipRanks’ AI Analyst, GB:BOY is a Outperform.
Bodycote’s overall stock score of 72 reflects solid financial and operational cash generation capabilities, despite revenue and profitability challenges. The share buyback program and strategic corporate events bolster confidence in the company’s future outlook. Technical indicators suggest moderate bullish momentum, although valuation remains a concern due to a high P/E ratio. The company’s dividend yield is a positive factor for income-focused investors.
To see Spark’s full report on GB:BOY stock, click here.
More about Bodycote
Bodycote plc operates in the thermal processing industry, providing heat treatment and specialist thermal processing services. The company focuses on enhancing the properties of metals and alloys, serving various sectors including aerospace, automotive, and energy.
Average Trading Volume: 354,878
Technical Sentiment Signal: Sell
Current Market Cap: £1.02B
Find detailed analytics on BOY stock on TipRanks’ Stock Analysis page.