Inchcape ( (GB:INCH) ) has shared an update.
Inchcape plc, a company engaged in a share buyback program, announced the purchase of 292,937 of its ordinary shares on April 7, 2025. The shares were bought at prices ranging from 621.00p to 661.50p, with a volume-weighted average price of 638.65p per share. The company plans to cancel these shares, reducing its total number of ordinary shares in issue to 389,932,864. Since the start of the buyback program on March 4, 2025, Inchcape has acquired 3,962,155 shares at a total cost of £27,611,269.12, indicating a significant commitment to returning value to shareholders.
Spark’s Take on GB:INCH Stock
According to Spark, TipRanks’ AI Analyst, GB:INCH is a Outperform.
Inchcape’s overall stock score reflects a solid financial performance with strong profitability and operational efficiency, complemented by an attractive valuation with low P/E and high dividend yield. The technical analysis indicates a bearish trend, which tempers the outlook, but the positive impact of the share buyback program supports confidence in the company’s strategic direction.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
YTD Price Performance: -17.09%
Average Trading Volume: 1,188,227
Technical Sentiment Signal: Buy
Current Market Cap: £2.57B
Find detailed analytics on INCH stock on TipRanks’ Stock Analysis page.