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Inchcape ( (GB:INCH) ) has issued an announcement.
Inchcape PLC, a company involved in the automotive distribution and retail sector, announced the purchase of 140,652 of its ordinary shares as part of its ongoing share buyback program. This transaction, executed through Jefferies International Limited, is part of a broader initiative that began in March 2025, aiming to reduce the number of shares in circulation and potentially increase shareholder value. The company has acquired a total of 25,334,927 shares since the program’s inception, reflecting a significant financial commitment to this strategy.
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: 791,429
Technical Sentiment Signal: Sell
Current Market Cap: £2.41B
See more insights into INCH stock on TipRanks’ Stock Analysis page.