Bodycote ( (GB:BOY) ) just unveiled an update.
Bodycote plc has announced a continuation of its share buyback programme, purchasing 43,525 of its ordinary shares at prices ranging from 455.4p to 482.2p per share. This move is part of an extended programme that began in December 2024, with the company having bought a total of 11,796,983 shares since March 2024. The purchased shares will be canceled, reducing the total number of shares in issue to 179,659,189, which could potentially enhance shareholder value by increasing earnings per share.
Spark’s Take on GB:BOY Stock
According to Spark, TipRanks’ AI Analyst, GB:BOY is a Neutral.
Bodycote’s overall stock score reflects a moderate position. The company faces financial pressures with declining profitability and increased leverage, yet maintains strong cash flow. Technical indicators suggest bearish momentum. While the P/E ratio indicates potential overvaluation, the dividend yield and strategic share buyback efforts provide some positive offsets.
To see Spark’s full report on GB:BOY stock, click here.
More about Bodycote
Bodycote plc operates in the thermal processing industry, providing heat treatment and specialist thermal processing services. The company focuses on improving the properties of metals and alloys, serving various sectors including aerospace, automotive, and energy.
YTD Price Performance: -27.24%
Average Trading Volume: 301,037
Technical Sentiment Signal: Strong Buy
Current Market Cap: £819.3M
See more data about BOY stock on TipRanks’ Stock Analysis page.