Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Inchcape ( (GB:INCH) ) has shared an announcement.
Inchcape plc has announced the purchase of 129,529 of its ordinary shares as part of its ongoing share buyback program. The shares were purchased at a volume-weighted average price of 683.06 pence per share and will be canceled rather than held in treasury. This action is part of a larger buyback initiative that began in March 2025, through which the company has acquired over 24 million shares, reflecting a significant investment in its own equity. The cancellation of these shares will reduce the total number of shares in issue, potentially enhancing shareholder value.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £735.00 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 overall stock score is driven by its strong financial performance and attractive valuation. The ongoing share buyback program further supports shareholder value. However, technical indicators suggest caution due to bearish trends, which slightly offsets the positive outlook.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
Average Trading Volume: 831,185
Technical Sentiment Signal: Hold
Current Market Cap: £2.53B
Learn more about INCH stock on TipRanks’ Stock Analysis page.