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Inchcape ( (GB:INCH) ) has provided an update.
Inchcape plc announced the purchase of 658,888 of its ordinary shares as part of its ongoing share buyback program initiated on 4 March 2025. The shares were purchased at prices ranging from 675.50p to 691.50p and will be canceled, reducing the total number of shares in issue to 373,196,989. This buyback is part of a larger effort, with a total of 20,698,030 shares purchased since March, costing £141,088,333.14, indicating a significant investment in returning value to shareholders.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £11.00 price target. To see the full list of analyst forecasts on Inchcape stock, see the GB:INCH Stock Forecast page.
Spark’s Take on GB:INCH Stock
According to Spark, TipRanks’ AI Analyst, GB:INCH is a Outperform.
Inchcape’s solid financial performance, attractive valuation, and proactive corporate strategies, including a substantial share buyback program, drive a strong stock score. The technical indicators support a positive outlook, reinforcing the company’s robust market position.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
Inchcape plc operates in the automotive industry, specializing in the distribution, retail, and services of vehicles. The company focuses on providing a wide range of automotive products and services to a global market.
Average Trading Volume: 1,211,318
Technical Sentiment Signal: Buy
Current Market Cap: £2.56B
For an in-depth examination of INCH stock, go to TipRanks’ Stock Analysis page.