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Inchcape ( (GB:INCH) ) just unveiled an announcement.
Inchcape plc has executed a share buyback programme, purchasing 15,227 ordinary shares at an average price of 755.51 pence per share. This move is part of a larger buyback initiative announced earlier in the year, aimed at reducing the number of shares in circulation, thereby potentially increasing shareholder value. Following this transaction, the total number of shares in issue will be 361,338,983. The company has spent over £224 million on share buybacks since March 2025.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £877.00 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 strong financial performance and attractive valuation are the most significant factors contributing to its high score. The technical indicators also support a positive outlook, with bullish momentum evident. The ongoing share buyback program further enhances shareholder value, although it is not directly factored into the score due to weight redistribution.
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 a range of services including the sale of new and used vehicles, parts, and servicing. The company focuses on delivering automotive solutions across multiple markets worldwide.
Average Trading Volume: 772,587
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.74B
For detailed information about INCH stock, go to TipRanks’ Stock Analysis page.