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The latest update is out from Bodycote ( (GB:BOY) ).
Bodycote plc has announced an extension to its share buyback programme, increasing the total allocation to £120 million. This move, executed through Jefferies International Limited, aims to reduce the company’s share capital by repurchasing and cancelling shares, potentially impacting market perceptions and 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 stock is moderately attractive, primarily driven by strong cash flow generation and positive technical indicators. However, high valuation metrics and increased leverage present potential risks. The strategic share buyback program enhances shareholder value and supports a positive outlook.
To see Spark’s full report on GB:BOY stock, click here.
More about Bodycote
Bodycote is the world’s largest provider of thermal processing services, specializing in enhancing the properties of metals and alloys through Specialist Technologies and Precision Heat Treatment. Serving industries such as Aerospace, Defence, Automotive, Power Generation, Oil & Gas, Construction, Medical, and Transportation, Bodycote has been a trusted partner for over 50 years.
Average Trading Volume: 260,943
Technical Sentiment Signal: Hold
Current Market Cap: £1.01B
See more data about BOY stock on TipRanks’ Stock Analysis page.