Shares in British industrial gases company BOC Group Plc bounced on 10 July after falling last week when the shares went ex-dividend and a major seller exited the stock. BOC“s share price was also en…
Shares in British industrial gases company BOC Group Plc bounced on 10 July after falling last week when the shares went ex-dividend and a major seller exited the stock. BOC“s share price was also encouraged by the restating of a “buy” rating by Deutsche Bank, which said its share price target for the company remained GBP 11 pounds. BOC went ex-dividend last week, pushing its shares down to a three-month low of GBP 9.59. “There is a lot of value in this stock and the drop was overdone… it coincided with some very bad sell orders going through,” said one UK equity dealer.