The latest announcement is out from Inchcape ( (GB:INCH) ).
Inchcape plc announced the purchase of 465,038 ordinary shares as part of its ongoing share buyback programme. The shares were purchased at a volume-weighted average price of 674.95 pence per share and will be cancelled, reducing the total number of shares in issue to 388,624,363. Since the programme’s announcement on 4 March 2025, Inchcape has acquired 5,270,656 shares at a cost of £36,264,705.45, reflecting the company’s strategy to enhance shareholder value.
Spark’s Take on GB:INCH Stock
According to Spark, TipRanks’ AI Analyst, GB:INCH is a Outperform.
Inchcape exhibits strong financial performance with solid profitability and efficient operations, significantly supported by an ongoing share buyback program that enhances shareholder value. While the technical indicators show bearish trends, the attractive valuation metrics and strategic corporate actions bolster the stock’s appeal. The overall score reflects a cautiously optimistic outlook, balancing financial strengths with market pressures.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
YTD Price Performance: -14.81%
Average Trading Volume: 1,198,926
Technical Sentiment Signal: Buy
Current Market Cap: £2.55B
See more data about INCH stock on TipRanks’ Stock Analysis page.