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An update from Inchcape ( (GB:INCH) ) is now available.
Inchcape plc has announced the purchase of 143,240 of its ordinary shares as part of its ongoing share buyback program, initiated on 4 March 2025. The company plans to cancel these shares, reducing its total number of ordinary shares in issue to 368,700,744. This strategic move is part of Inchcape’s efforts to optimize its capital structure and potentially enhance 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
Inchcape plc operates in the automotive distribution and retail industry, focusing on the sale and distribution of vehicles. The company is involved in providing automotive services and solutions, catering to a wide range of market needs in the automotive sector.
Average Trading Volume: 789,268
Technical Sentiment Signal: Sell
Current Market Cap: £2.45B
For a thorough assessment of INCH stock, go to TipRanks’ Stock Analysis page.