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Inchcape ( (GB:INCH) ) has provided an update.
Inchcape plc has announced the purchase of 136,063 of its ordinary shares as part of its ongoing share buyback program. The company plans to cancel these shares, reducing its total number of ordinary shares in issue to 371,008,600. Since the start of the program in March 2025, Inchcape has acquired 22,886,419 shares at a cost of £156,063,762.39. This move is part of Inchcape’s strategy to manage its capital structure and return value to shareholders.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £1140.00 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 Neutral.
Inchcape’s overall stock score is driven by its strong financial performance and attractive valuation, which are offset by bearish technical indicators. The company’s strategic share buyback program further supports its valuation appeal. However, the negative market momentum suggests caution in the short term.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
Average Trading Volume: 945,602
Technical Sentiment Signal: Sell
Current Market Cap: £2.41B
For an in-depth examination of INCH stock, go to TipRanks’ Overview page.