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Inchcape ( (GB:INCH) ) has issued an update.
Inchcape plc has executed a share buyback transaction, purchasing 142,302 of its ordinary shares at an average price of 665.80 pence per share. This buyback is part of a larger program initiated in March 2025, aimed at reducing the number of shares in circulation, which now totals 368,993,715. The move is likely to impact the company’s share value and shareholder returns positively.
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 distribution and retail industry, providing a range of services including vehicle sales, parts distribution, and aftersales services. The company focuses on delivering automotive solutions across various international markets.
Average Trading Volume: 788,677
Technical Sentiment Signal: Sell
Current Market Cap: £2.46B
Learn more about INCH stock on TipRanks’ Stock Analysis page.