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Inchcape ( (GB:INCH) ) has issued an update.
Inchcape PLC announced the purchase of 144,243 of its ordinary shares as part of its ongoing share buyback program initiated in March 2025. The company plans to cancel these shares, reducing its total number of shares in issue to 361,980,807. This move is part of a larger strategy, with Inchcape having already purchased over 31 million shares at a significant cost, reflecting its commitment to enhancing shareholder value and optimizing its capital structure.
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, providing services related to the sale and distribution of vehicles. The company focuses on delivering automotive solutions across various markets, leveraging its extensive network and expertise in the sector.
Average Trading Volume: 802,324
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.73B
See more insights into INCH stock on TipRanks’ Stock Analysis page.