Bodycote Extends Share Buyback Program with Recent Purchases

Bodycote ( (GB:BOY) ) has issued an update.

Bodycote plc has announced the continuation of its share buyback program, purchasing 31,337 ordinary shares at an average price of 565.1951 pence per share. This move is part of an extended program that began in December 2024, aiming to optimize the company’s capital structure and enhance shareholder value, with a total of 13,723,753 shares bought back since March 2024.

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.

The overall score reflects strong corporate events and positive technical analysis, balancing the challenges in financial performance and valuation concerns. The continuation of share buybacks and positive market momentum are key strengths, while high P/E ratio and profitability pressures are significant risks.

To see Spark’s full report on GB:BOY stock, click here.

More about Bodycote

Bodycote plc operates in the thermal processing industry, offering services such as heat treatment, metal joining, and surface technology. The company primarily focuses on providing these services to sectors like aerospace, automotive, and energy, enhancing the durability and performance of critical components.

Average Trading Volume: 350,232

Technical Sentiment Signal: Sell

Current Market Cap: £994.5M

See more insights into BOY stock on TipRanks’ Stock Analysis page.