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Inchcape ( (GB:INCH) ) just unveiled an announcement.
Inchcape plc announced the purchase of 147,671 of its ordinary shares as part of its ongoing share buyback program initiated in March 2025. The company intends to cancel these shares, reducing the total number of shares in issue to 370,604,287, which is part of a broader strategy to optimize capital structure and potentially enhance shareholder value.
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 Outperform.
Inchcape’s strong financial performance and undervaluation are significant positives, supported by strategic corporate actions like share buybacks. However, bearish technical indicators suggest caution in the short term.
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 services related to the sale and distribution of vehicles. The company focuses on enhancing its market position through strategic initiatives such as share buyback programs.
Average Trading Volume: 920,802
Technical Sentiment Signal: Sell
Current Market Cap: £2.45B
For detailed information about INCH stock, go to TipRanks’ Stock Analysis page.