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The latest update is out from Inchcape ( (GB:INCH) ).
Inchcape plc has announced the purchase of 105,400 of its ordinary shares as part of its ongoing share buyback program initiated on 4 March 2025. The company intends to cancel these shares, reducing the total number of shares in issue to 361,651,073. This move is part of a broader strategy to manage its capital structure, having acquired over 32 million shares at a cost of approximately £222 million since the program’s inception.
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 industry, primarily focusing on the distribution and retail of vehicles. The company is involved in providing automotive services and solutions across various markets, enhancing its global presence in the automotive sector.
Average Trading Volume: 794,856
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.79B
See more data about INCH stock on TipRanks’ Stock Analysis page.