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Inchcape ( (GB:INCH) ) just unveiled an announcement.
Inchcape plc announced the purchase of 145,886 ordinary shares as part of its ongoing share buyback programme, initiated on 4 March 2025. The shares were bought at a volume-weighted average price of 658.42 pence per share and will be cancelled, reducing the total number of shares in issue to 367,727,525. This move is part of a broader strategy to enhance shareholder value, with the company having spent over £177 million on share buybacks since March 2025.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £735.00 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 ongoing share buyback program further supports shareholder value. However, technical indicators suggest caution due to bearish trends, which slightly offsets the positive outlook.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
Inchcape plc operates in the automotive industry, focusing on the distribution, retail, and services of vehicles. The company is known for its global reach and partnerships with leading automotive brands, providing a range of services including vehicle sales, aftersales services, and parts distribution.
Average Trading Volume: 790,858
Technical Sentiment Signal: Sell
Current Market Cap: £2.41B
For detailed information about INCH stock, go to TipRanks’ Stock Analysis page.