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Inchcape ( (GB:INCH) ) just unveiled an update.
Inchcape PLC has announced the purchase of 118,043 of its ordinary shares as part of its ongoing share buyback program, initiated on March 4, 2025. The company intends to cancel these shares, reducing its total number of ordinary shares in issue to 361,862,764. This move is part of a larger strategy, having repurchased over 32 million shares at a cost of over £220 million, which may impact its market positioning and shareholder value.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £849.00 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 company’s robust capital management and profitability improvements are significant strengths. While technical indicators show bullish momentum, caution is advised due to potential overbought conditions. The absence of recent earnings call data and corporate events means these factors did not influence the score.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
Inchcape PLC is a multinational automotive distribution and retail company. It operates in the automotive industry, focusing on the distribution, retail, and services of vehicles across various global markets.
Average Trading Volume: 796,071
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.74B
See more insights into INCH stock on TipRanks’ Stock Analysis page.