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Bodycote ( (GB:BOY) ) has shared an announcement.
Bodycote plc announced the purchase of 60,431 of its ordinary shares as part of its extended share buyback program. The company intends to cancel these shares, reducing the total number of shares in issue to 181,530,845, which reflects the total number of voting rights. This move is part of a broader strategy that has seen Bodycote buy back a total of 9,925,327 shares since March 2024, potentially enhancing shareholder value and signaling confidence in its financial stability.
More about Bodycote
Bodycote plc operates within the engineering sector, specializing in the provision of thermal processing services. The company focuses on heat treatment, metal joining, and surface technology, serving a wide range of industries including automotive, aerospace, and power generation.
YTD Price Performance: 3.48%
Average Trading Volume: 302,127
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.18B
Learn more about BOY stock on TipRanks’ Stock Analysis page.
