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Inchcape ( (GB:INCH) ) has shared an announcement.
Inchcape plc announced the purchase of 123,808 ordinary shares as part of its ongoing share buyback program, initiated on March 4, 2025. The company aims to cancel these shares, reducing the total number of shares in issue to 365,613,346, reflecting its commitment to returning value to shareholders and optimizing 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, providing services related to the sale and distribution of vehicles. The company focuses on enhancing its market presence through strategic initiatives such as share buyback programs.
Average Trading Volume: 760,267
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.59B
For a thorough assessment of INCH stock, go to TipRanks’ Stock Analysis page.