Inchcape CFO Engages in Share Purchase Under Dividend Reinvestment Plan

Inchcape ( (GB:INCH) ) just unveiled an announcement.

Inchcape plc, a company involved in the automotive distribution and retail sector, has announced a transaction involving its Group Chief Financial Officer, Adrian Lewis. The transaction involved the purchase of 150 ordinary shares under the company’s Dividend Reinvestment Plan for the 2024 final dividend, executed at the London Stock Exchange at a price of £6.83723 per share, totaling £1,025.59. This transaction highlights the company’s ongoing financial activities and could indicate confidence in its financial performance.

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 financial performance, attractive valuation, and strategic share buyback program are the primary factors contributing to the overall score. Technical indicators are neutral, suggesting moderate market stability. The absence of earnings call data limits further insights into future guidance and sentiment.

To see Spark’s full report on GB:INCH stock, click here.

More about Inchcape

Average Trading Volume: 1,136,030

Technical Sentiment Signal: Buy

Current Market Cap: £2.52B

Find detailed analytics on INCH stock on TipRanks’ Stock Analysis page.