Inchcape ( (GB:INCH) ) has provided an update.
Inchcape plc, a company involved in the share buyback programme, announced the purchase of 534,334 ordinary shares on 24 April 2025, with the intention to cancel these shares rather than hold them in treasury. This purchase is part of a larger buyback initiative announced in March 2025, which has so far seen the company repurchase over 8.4 million shares at a cost of approximately £57.7 million, reducing the total number of shares in issue to 385,481,480.
Spark’s Take on GB:INCH Stock
According to Spark, TipRanks’ AI Analyst, GB:INCH is a Outperform.
Inchcape’s overall score is driven by strong financial performance and attractive valuation metrics, supported by a significant share buyback program. However, caution is advised due to bearish technical indicators and recent financial metric fluctuations.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
YTD Price Performance: -10.07%
Average Trading Volume: 1,049,085
Technical Sentiment Signal: Buy
Current Market Cap: £2.63B
See more data about INCH stock on TipRanks’ Stock Analysis page.