BOC Group bounces from three-month low

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 …

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 11 pounds, based on 6.5 times 2002 EBITDA. BOC went ex-dividend last week, pushing its shares down to a three-month low of 959 pence. By 1048 GMT, BOC was trading 2.67% or 26 pence higher at 1,016p.