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Bodycote ( (GB:BOY) ) has shared an announcement.
Bodycote plc has announced the continuation of its share buyback program, purchasing 27,288 ordinary shares at an average price of 562.7418 pence per share. This move is part of an extended program that has seen the company buy back a total of 13,38,123 ordinary shares since March 2024, reflecting its strategy to manage capital and 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 Neutral.
The overall score reflects strong cash flow and shareholder value enhancement through buybacks, offset somewhat by valuation concerns and financial pressures. Technical indicators suggest moderate momentum, while corporate actions support confidence in future prospects.
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 and metallurgical coatings. The company focuses on enhancing the properties of metals and alloys, serving various sectors including aerospace, automotive, and energy.
Average Trading Volume: 343,616
Technical Sentiment Signal: Sell
Current Market Cap: £991.1M
For detailed information about BOY stock, go to TipRanks’ Stock Analysis page.