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Inchcape ( (GB:INCH) ) just unveiled an update.
Inchcape plc announced the purchase of 102,985 of its ordinary shares as part of its ongoing share buyback program, initiated on March 4, 2025. The shares were bought at an average price of 775.18 pence per share and will be canceled, reducing the total number of shares in issue to 364,168,523. This move is part of a broader strategy to enhance shareholder value, with a total of 29,726,496 shares purchased since the program’s inception, amounting to over £203 million.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £849.00 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 company’s robust capital management and profitability improvements are significant strengths. While technical indicators show bullish momentum, caution is advised due to potential overbought conditions. The absence of recent earnings call data and corporate events means these factors did not influence the score.
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 related services. The company is known for its extensive network and partnerships with leading automotive brands, catering to a global market.
Average Trading Volume: 776,265
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.81B
For detailed information about INCH stock, go to TipRanks’ Stock Analysis page.