Inchcape Executes Share Buyback, Cancels Over 300,000 Shares

Inchcape ( (GB:INCH) ) has shared an announcement.

Inchcape plc has executed a share buyback program, purchasing 302,087 of its ordinary shares on May 27, 2025, at an average price of 687.39 pence per share. These shares will be canceled, reducing the total number of shares in issue to 372,894,902. This buyback is part of a larger program initiated on March 4, 2025, through which the company has acquired over 21 million shares at a cost exceeding £143 million. The buyback aims to optimize the company’s capital structure and potentially enhance 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’s strong financial performance and valuation metrics are significant strengths, indicating robust management and shareholder value enhancement. The share buyback program further underscores confidence in the stock, while technical indicators suggest stable market momentum. Recent strategic initiatives and sustainability efforts enhance the company’s market position.

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 automotive services and solutions. The company focuses on distributing and retailing vehicles and parts, catering to a global market with a presence in multiple countries.

Average Trading Volume: 1,211,318

Technical Sentiment Signal: Buy

Current Market Cap: £2.56B

For detailed information about INCH stock, go to TipRanks’ Stock Analysis page.