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An announcement from Inchcape ( (GB:INCH) ) is now available.
Inchcape plc has executed a share buyback transaction, purchasing 106,291 of its ordinary shares at an average price of 767.06 pence per share. This move is part of a broader buyback program initiated in March 2025, aimed at reducing the number of shares in circulation, thereby potentially increasing shareholder value. The total number of shares purchased since the program’s inception is 32,138,546, costing over £221 million. The cancellation of these shares will adjust the total number of shares in issue to 361,756,473, reflecting Inchcape’s strategic financial management and commitment to enhancing shareholder returns.
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 comprehensive market reach and strategic partnerships with major automotive brands.
Average Trading Volume: 794,718
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.75B
For an in-depth examination of INCH stock, go to TipRanks’ Overview page.