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An announcement from Inchcape ( (GB:INCH) ) is now available.
Inchcape plc announced the purchase of 11,307 ordinary shares as part of its ongoing share buyback programme, initiated on 4 March 2025. The company intends to cancel these shares, reducing its total number of ordinary shares in issue to 361,354,210. Since the start of the programme, Inchcape has acquired 32,540,809 shares at a cost of £224,244,926.32, indicating a strategic move to enhance shareholder value and optimize capital structure.
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 industry, primarily focusing on the distribution and retail of vehicles. The company provides a range of services including vehicle sales, servicing, and parts distribution, with a market focus on enhancing its global presence in the automotive sector.
Average Trading Volume: 790,603
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.73B
For an in-depth examination of INCH stock, go to TipRanks’ Overview page.