An announcement from Bodycote ( (GB:BOY) ) is now available.
Bodycote plc has announced the continuation of its share buyback program, purchasing 43,875 of its ordinary shares through HSBC Bank PLC. This move is part of an extended program that has seen the company buy back a total of 11,024,355 shares since March 2024. The company intends to cancel the purchased shares, which will affect the total number of voting rights, now standing at 180,431,817 shares. This strategic financial maneuver is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
More about Bodycote
Bodycote plc operates in the industrial sector, specializing in thermal processing services. The company provides heat treatment, metal joining, and surface technology services, catering to various industries including aerospace, automotive, and energy sectors.
YTD Price Performance: 0.63%
Average Trading Volume: 276,804
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.17B
For an in-depth examination of BOY stock, go to TipRanks’ Stock Analysis page.