An update from Inchcape ( (GB:INCH) ) is now available.
Inchcape PLC has announced the purchase of 393,637 of its ordinary shares as part of its ongoing share buyback programme. The shares were bought at a volume weighted average price of 691.22 pence per share and will be cancelled, reducing the total number of shares in issue to 386,015,814. Since the start of the buyback programme on March 4, 2025, Inchcape has acquired a total of 7,879,205 shares at a cost of £54,234,756.26, which reflects the company’s strategy to enhance shareholder value.
Spark’s Take on GB:INCH Stock
According to Spark, TipRanks’ AI Analyst, GB:INCH is a Outperform.
Inchcape’s overall stock score is bolstered by strong financial performance and an attractive valuation, supported by strategic corporate actions such as a share buyback program. However, bearish technical indicators and recent fluctuations in financial metrics inject caution, warranting careful monitoring of market conditions.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
YTD Price Performance: -10.07%
Average Trading Volume: 1,049,085
Technical Sentiment Signal: Buy
Current Market Cap: £2.63B
See more insights into INCH stock on TipRanks’ Stock Analysis page.