Inchcape ( (GB:INCH) ) just unveiled an announcement.
Inchcape plc announced the purchase of 173,257 of its ordinary shares as part of its ongoing share buyback programme. The shares were acquired at a volume-weighted average price of 703.40 pence per share, and the company plans to cancel these shares. This move is part of a larger buyback initiative that began on 4 March 2025, during which Inchcape has repurchased over 2.5 million shares, indicating a strategic effort to enhance shareholder value and optimize capital structure.
More about Inchcape
Inchcape plc operates in the automotive industry, providing automotive distribution, retail, and services. The company focuses on delivering a wide range of automotive products and services, including vehicle sales, parts, and maintenance, across various global markets.
YTD Price Performance: -8.97%
Average Trading Volume: 1,122,183
Technical Sentiment Signal: Hold
Current Market Cap: £2.74B
For a thorough assessment of INCH stock, go to TipRanks’ Stock Analysis page.