An update from Inchcape ( (GB:INCH) ) is now available.
Inchcape plc, a company engaged in the automotive distribution and retail industry, has announced the purchase of 534,334 of its ordinary shares as part of its ongoing share buyback programme. The shares were purchased on 24 April 2025, with the highest price paid per share being 672.50 pence and the lowest 624.50 pence. The company plans to cancel these shares, reducing its total number of ordinary shares in issue to 385,481,480. This move is part of a broader strategy initiated on 4 March 2025, which has seen the company repurchase over 8.4 million shares at a cost of approximately £57.7 million, potentially enhancing shareholder value and optimizing capital structure.
Spark’s Take on GB:INCH Stock
According to Spark, TipRanks’ AI Analyst, GB:INCH is a Outperform.
Inchcape’s overall score is driven by strong financial performance and attractive valuation metrics, supported by a significant share buyback program. However, caution is advised due to bearish technical indicators and recent financial metric fluctuations.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
YTD Price Performance: -10.07%
Average Trading Volume: 1,049,085
Technical Sentiment Signal: Buy
Current Market Cap: £2.63B
For a thorough assessment of INCH stock, go to TipRanks’ Stock Analysis page.