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Inchcape ( (GB:INCH) ) has provided an announcement.
Inchcape plc announced the purchase of 13,614 of its ordinary shares as part of its ongoing share buyback program initiated in March 2025. The company plans to cancel the purchased shares, reducing the total number of shares in issue to 361,431,799. This move is part of a broader strategy to enhance shareholder value, having already acquired over 32 million shares at a cost exceeding £223 million.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £877.00 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 and attractive valuation are the most significant factors contributing to its high score. The technical indicators also support a positive outlook, with bullish momentum evident. The ongoing share buyback program further enhances shareholder value, although it is not directly factored into the score due to weight redistribution.
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 and services across multiple markets globally.
Average Trading Volume: 789,752
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.76B
For an in-depth examination of INCH stock, go to TipRanks’ Overview page.