An update from Inchcape ( (GB:INCH) ) is now available.
Inchcape plc has announced the purchase of 151,926 ordinary shares as part of its ongoing share buyback programme, initiated on 4 March 2025. The company intends to cancel these shares, reducing the total number of ordinary shares in issue to 391,552,100. This move is part of a broader strategy to enhance shareholder value, with a total of 2,342,919 shares purchased since the programme’s inception, costing £16,690,910.89.
More about Inchcape
Inchcape plc operates in the automotive distribution and retail industry, providing services such as vehicle sales, servicing, and parts distribution. The company primarily focuses on global markets, leveraging its extensive network to cater to diverse automotive needs.
YTD Price Performance: -7.08%
Average Trading Volume: 1,128,452
Technical Sentiment Signal: Hold
Current Market Cap: £2.8B
For a thorough assessment of INCH stock, go to TipRanks’ Stock Analysis page.