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An announcement from Inchcape ( (GB:INCH) ) is now available.
Inchcape plc announced the repurchase of 141,442 of its ordinary shares as part of its ongoing share buyback program, which was initiated on March 4, 2025. The company plans to cancel these shares, reducing the total number of shares in issue to 368,163,455. Since the start of the program, Inchcape has repurchased over 25 million shares at a cost of £175 million, reflecting its commitment to returning value to shareholders.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £735.00 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 ongoing share buyback program further supports shareholder value. However, technical indicators suggest caution due to bearish trends, which slightly offsets the positive outlook.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
Inchcape plc operates in the automotive industry, focusing on the distribution and retail of vehicles. The company is known for its extensive network and partnerships with leading automotive brands, providing a range of products and services to customers worldwide.
Average Trading Volume: 791,732
Technical Sentiment Signal: Sell
Current Market Cap: £2.48B
Find detailed analytics on INCH stock on TipRanks’ Stock Analysis page.