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Inchcape ( (GB:INCH) ) just unveiled an announcement.
Inchcape plc announced the purchase of 309 of its ordinary shares as part of its ongoing share buyback program, initiated on 4 March 2025. The company plans to cancel these shares, reducing its total number of shares in issue to 372,132,350. Since the start of the buyback program, Inchcape has acquired 21,762,669 shares at a cost of £148,380,583.72, indicating a strategic move to optimize 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 scores well due to its solid financial performance and attractive valuation. The stock benefits from strategic corporate actions like share buybacks, which enhance shareholder value. Technical analysis shows moderate strength, contributing positively to the score.
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 enhancing its market presence through strategic initiatives such as share buyback programs.
Average Trading Volume: 1,157,551
Technical Sentiment Signal: Buy
Current Market Cap: £2.53B
For a thorough assessment of INCH stock, go to TipRanks’ Stock Analysis page.