Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Inchcape ( (GB:INCH) ) has provided an announcement.
Inchcape plc has announced the purchase of 126,785 of its ordinary shares as part of its ongoing share buyback program. The shares were acquired at a volume-weighted average price of 662.96 pence per share and will be canceled, reducing the total number of shares in issue to 370,751,958. Since the program’s initiation on March 4, 2025, Inchcape has bought back 23,143,061 shares at a total cost of £157,756,832.73, which reflects the company’s strategic focus on returning value to shareholders.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £1140.00 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 Neutral.
Inchcape’s overall stock score is driven by strong valuation metrics and solid financial performance. However, technical analysis indicates bearish momentum, which tempers the overall score. The absence of recent earnings call data limits insights into future guidance and sentiment.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
Average Trading Volume: 943,162
Technical Sentiment Signal: Sell
Current Market Cap: £2.45B
For an in-depth examination of INCH stock, go to TipRanks’ Overview page.