Bodycote ( (GB:BOY) ) has issued an update.
Bodycote plc has announced the continuation of its share buyback program, purchasing 32,419 ordinary shares at an average price of 560.4150 pence per share. This move is part of an extended program initiated in December 2024, with the company having bought a total of 11,466,307 ordinary shares since March 2024. The cancellation of these shares will reduce the total number of shares in issue to 179,989,865, potentially increasing shareholder value and consolidating the company’s market position.
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 a diverse range of industries including aerospace, automotive, and energy.
YTD Price Performance: -11.77%
Average Trading Volume: 288,045
Technical Sentiment Signal: Buy
Current Market Cap: £990.9M
For a thorough assessment of BOY stock, go to TipRanks’ Stock Analysis page.