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Inchcape ( (GB:INCH) ) just unveiled an announcement.
Inchcape plc announced the purchase of 6,619 of its ordinary shares as part of its ongoing share buyback programme initiated in March 2025. The company plans to cancel these shares, reducing the total number of shares in issue to 372,132,659. This strategic move is part of a broader effort to manage capital and potentially enhance shareholder value.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £11.00 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 valuation and strategic share buyback program are significant positives, supported by solid financial performance. Neutral technical indicators slightly temper the overall score, but the company’s efforts to enhance shareholder value through buybacks bolster confidence.
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 services related to the sale and distribution of vehicles. The company focuses on delivering automotive solutions across various markets globally.
Average Trading Volume: 1,138,967
Technical Sentiment Signal: Buy
Current Market Cap: £2.57B
For detailed information about INCH stock, go to TipRanks’ Stock Analysis page.