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An update from Inchcape ( (GB:INCH) ) is now available.
Inchcape plc has announced a share buyback program, purchasing 444,883 of its ordinary shares on April 9, 2025, through Jefferies International Limited. The company plans to cancel these shares, reducing its total number of ordinary shares in issue to 389,089,401. Since the start of the buyback program on March 4, 2025, Inchcape has acquired a total of 4,805,618 shares at a cost of £33,125,909.15. This move is part of Inchcape’s strategy to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and improving the company’s stock market performance.
Spark’s Take on GB:INCH Stock
According to Spark, TipRanks’ AI Analyst, GB:INCH is a Outperform.
Inchcape’s strong financial performance and attractive valuation are major strengths, supported by the strategic share buyback program. However, bearish technical indicators present a risk, suggesting cautious optimism.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
YTD Price Performance: -14.36%
Average Trading Volume: 1,184,681
Technical Sentiment Signal: Buy
Current Market Cap: £2.49B
Learn more about INCH stock on TipRanks’ Stock Analysis page.
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