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Inchcape ( (GB:INCH) ) has shared an announcement.
Inchcape PLC has announced the purchase of 148,102 of its ordinary shares as part of its ongoing share buyback programme. These shares were bought at an average price of 749.31 pence per share and will be canceled, reducing the total number of shares in issue to 362,125,050. Since the initiation of the buyback programme in March 2025, Inchcape has acquired 31,769,969 shares at a total cost of £218,381,062.15, indicating a significant effort to return value to shareholders.
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
Average Trading Volume: 793,941
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.7B
For detailed information about INCH stock, go to TipRanks’ Stock Analysis page.