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Inchcape ( (GB:INCH) ) has issued an announcement.
Inchcape PLC has executed a share buyback program, purchasing 179,956 ordinary shares on December 18, 2024, through Jefferies International Limited. The shares will be canceled to reduce the overall number of shares in issue, aligning with a buyback strategy announced earlier in August 2024. Since the commencement of this program, Inchcape has acquired over 17.6 million shares at a cost of £138.4 million, signaling a move to enhance shareholder value and potentially solidify its market position.
More about Inchcape
Inchcape PLC operates in the automotive industry, focusing on the distribution and retail of vehicles. The company provides a range of automotive services, including vehicle sales, parts, and servicing, and maintains a significant presence in various international markets.
YTD Price Performance: 11.78%
Average Trading Volume: 783,627
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.02B
Learn more about INCH stock on TipRanks’ Stock Analysis page.
