Inchcape ( (GB:INCH) ) has issued an update.
Inchcape plc announced the purchase of 155,996 ordinary shares as part of its ongoing share buyback program, initiated on March 4, 2025. The company intends to cancel these shares, reducing the total number of shares in issue to 392,010,867. This move is part of a broader strategy to optimize capital structure and potentially enhance shareholder value.
More about Inchcape
Inchcape plc operates in the automotive distribution and retail industry, providing services and products related to the sale and distribution of vehicles. The company focuses on enhancing its market position through strategic financial operations such as share buybacks.
YTD Price Performance: -8.51%
Average Trading Volume: 1,119,400
Technical Sentiment Signal: Hold
Current Market Cap: £2.75B
See more data about INCH stock on TipRanks’ Stock Analysis page.