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Inchcape ( (GB:INCH) ) has shared an update.
Inchcape plc announced the purchase of 127,718 of its ordinary shares as part of its ongoing share buyback programme. The shares, bought at an average price of 680.04 pence, will be canceled, reducing the total number of shares in issue to 369,669,038. This move is part of a larger buyback initiative started in March 2025, which has seen the company repurchase over 24 million shares at a cost exceeding £165 million. The buyback is expected to enhance shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £735.00 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 overall stock score is driven by its strong financial performance and attractive valuation. The ongoing share buyback program further supports shareholder value. However, technical indicators suggest caution due to bearish trends, which slightly offsets the positive outlook.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
Inchcape plc is a company operating in the automotive distribution and retail industry. It primarily focuses on the sale and distribution of vehicles and related services across various markets.
Average Trading Volume: 831,185
Technical Sentiment Signal: Hold
Current Market Cap: £2.53B
For detailed information about INCH stock, go to TipRanks’ Stock Analysis page.