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Inchcape ( (GB:INCH) ) has issued an announcement.
Inchcape plc announced the purchase of 30,554 of its own ordinary shares as part of its ongoing share buyback programme, initiated on March 4, 2025. The company intends to cancel these shares, reducing the total number of shares in issue to 361,401,245. Since the start of the buyback programme, Inchcape has repurchased 32,493,774 shares at a total cost of £223,888,790.49, reflecting its strategy to enhance shareholder value.
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 distribution and retail industry, providing a range of services including the sale of new and used vehicles, vehicle servicing, and parts distribution. The company focuses on global markets, leveraging its extensive network to deliver automotive solutions across multiple regions.
Average Trading Volume: 789,248
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.73B
See more data about INCH stock on TipRanks’ Stock Analysis page.