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Inchcape ( (GB:INCH) ) has provided an update.
Inchcape plc, a company involved in the automotive distribution and retail sector, has announced the purchase of 77,185 of its ordinary shares as part of its ongoing share buyback programme. The shares were purchased at a volume-weighted average price of 749.15 pence per share and will be cancelled, reducing the total number of shares in issue to 361,463,460. Since the initiation of the buyback programme in March 2025, Inchcape has acquired over 32 million shares, reflecting a strategic move to enhance shareholder value.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £849.00 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 company’s robust capital management and profitability improvements are significant strengths. While technical indicators show bullish momentum, caution is advised due to potential overbought conditions. The absence of recent earnings call data and corporate events means these factors did not influence the score.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
Average Trading Volume: 794,329
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.76B
See more insights into INCH stock on TipRanks’ Stock Analysis page.