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Inchcape ( (GB:INCH) ) has shared an update.
Inchcape plc announced the purchase of 133,371 of its ordinary shares as part of its ongoing share buyback program. The shares, purchased at an average price of 672.73 pence, will be canceled, reducing the total number of shares in issue to 369,927,063. This move is part of a larger buyback initiative that has seen the company repurchase nearly 24 million shares since March 2025, reflecting Inchcape’s strategy to enhance shareholder value.
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 operates in the automotive industry, focusing on the distribution and retail of vehicles. The company provides a range of services including vehicle sales, servicing, and parts distribution, with a market presence spanning multiple countries.
Average Trading Volume: 844,514
Technical Sentiment Signal: Sell
Current Market Cap: £2.48B
Learn more about INCH stock on TipRanks’ Stock Analysis page.