FTSE 250 movers: Bodycote trades higher on Deutsche Bank target price bump, AML heads south on profit warning

(Sharecast News) - London's FTSE 250 was down 0.11% at 22,173.30 in afternoon trade on Monday. Bodycote shares rallied on Monday after Deutsche Bank reiterated its 'buy' rating on the stock and lifted its price target from 700p to 860p, as the engineering group's Aerospace & Defence division continued to reshape its growth and margin profile.

Deutsche Bank said the unit had reached "critical mass" and was driving structural improvements not yet priced into the stock. "We believe that the Bodycote of the future will be faster growing, making structurally better margins, and demanding a revisit from the market on its ascribed quality," said DB. The German bank added that it remains confident in Bodycote's ability to meet its FY28 financial targets.

Shares in Oxford Biomedia traded higher after RBC Capital lifted its price target on the stock to 970p from 930p on Monday, reiterating its 'outperform' rating as it flagged upside potential from the gene therapy group's pipeline.

The Canadian broker said late-stage and commercial programmes could deliver up to £150m in peak revenues, while early-stage assets may be worth twice as much, with both estimates doubling on a non-risk-adjusted basis. RBC added that the valuation uplift reflects growing confidence in Oxford Biomedica's long-term growth trajectory.

Aston Martin Lagonda headed south after it warned on profits and launched an immediate review of costs on Monday, after US tariffs crashed third-quarter demand. The British luxury car marque said it delivered 1,430 wholesale units during the three-month period, below guidance for around 1,641.

It blamed the shortfall on weaker-than-expected demand in North America, due to Donald Trump's swingeing tariff regime, and in the Asia-Pacific region, including China.

Shares in low-cost carrier Wizz Air flew lower after Ryanair boss Michael O'Leary launched a scathing attack on rival carriers, warning of fresh bankruptcies across Europe and claiming Wizz "has no future" as the Irish low-cost giant ramps up competition in key regional markets.

O'Leary said: "The problem in Europe is that there are many airlines pretending to be low cost, but they have a high-cost structure. PLAY never made a profit. And there will be other small operators struggling in the market. There will be more bankruptcies before Christmas. I also think Wizz Air is in trouble. I don't think it will collapse in the coming weeks, but I think it's inevitable that at some point it will either fail or be acquired by someone."

Reporting by Iain Gilbert at Sharecast.com

FTSE 250 - Risers

Bodycote (BOY) 674.00p 3.53% Oxford Biomedica (OXB) 634.00p 3.09% W.A.G Payment Solutions (EWG) 94.00p 2.84% Vietnam Enterprise Investments (DI) (VEIL) 759.00p 2.71% Energean (ENOG) 829.50p 2.53% Bakkavor Group (BAKK) 213.00p 2.40% IntegraFin Holding (IHP) 359.50p 1.99% Baillie Gifford Japan Trust (BGFD) 936.00p 1.96% Rathbones Group (RAT) 1,874.00p 1.96% BlackRock World Mining Trust (BRWM) 691.00p 1.77%

FTSE 250 - Fallers

Aston Martin Lagonda Global Holdings (AML) 75.45p -7.20% QinetiQ Group (QQ.) 508.50p -5.04% Raspberry PI Holdings (RPI) 413.90p -2.98% Travis Perkins (TPK) 631.00p -2.47% Foresight Group Holdings Limited NPV (FSG) 480.00p -2.24% Marshalls (MSLH) 177.20p -2.10% 4Imprint Group (FOUR) 3,270.00p -2.10% Wizz Air Holdings (WIZZ) 1,182.00p -2.07% Pennon Group (PNN) 468.40p -2.01% CMC Markets (CMCX) 224.50p -1.97%