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Inchcape ( (GB:INCH) ) just unveiled an update.
Inchcape plc announced the purchase of 125,793 ordinary shares as part of its ongoing share buyback program, initiated on March 4, 2025. The shares were bought at an average price of 710.73 pence per share and will be canceled, reducing the total number of shares in issue to 365,737,154. This buyback program reflects Inchcape’s strategy to enhance shareholder value and optimize its capital structure.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £763.00 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 attractive valuation are the primary drivers of its stock score. While technical analysis presents mixed signals, the company’s solid financial health and undervaluation relative to earnings provide a compelling investment case. The absence of earnings call and corporate events data does not impact the overall assessment.
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 and parts. The company is known for its extensive network and partnerships with leading automotive brands, catering to various markets globally.
Average Trading Volume: 712,656
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.6B
See more insights into INCH stock on TipRanks’ Stock Analysis page.