Inchcape Advances Share Buyback Program with Latest Purchase

Inchcape ( (GB:INCH) ) has issued an announcement.

Inchcape plc announced the purchase of 29,702 ordinary shares as part of its ongoing share buyback program, initiated on March 4, 2025. The shares were acquired at an average price of 679.52 pence and will be canceled, reducing the total number of shares in issue to 372,244,627. This move is part of a larger strategy to optimize the company’s capital structure, having already purchased over 21 million shares at a significant investment.

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 strong valuation and solid financial performance are the most significant factors contributing to its overall score. The company’s low P/E ratio and high dividend yield make it an attractive investment. Technical indicators suggest stability but show no strong momentum. The absence of recent earnings call data makes the analysis incomplete in this area.

To see Spark’s full report on GB:INCH stock, click here.

More about Inchcape

Inchcape plc operates in the automotive distribution and retail industry, providing vehicle sales, servicing, and parts distribution. The company focuses on enhancing its market presence through strategic initiatives, including share buyback programs.

Average Trading Volume: 1,190,847

Technical Sentiment Signal: Hold

Current Market Cap: £2.53B

See more insights into INCH stock on TipRanks’ Stock Analysis page.