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Inchcape ( (GB:INCH) ) has shared an announcement.
Inchcape plc has announced the purchase of 129,758 of its ordinary shares as part of its ongoing share buyback program, initiated on 4 March 2025. The company plans to cancel these shares, reducing the total number of shares in issue to 364,997,029. This buyback effort, which has cost the company £196,920,695.87 so far, is aimed at enhancing shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £763.00 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 attractive valuation are the primary drivers of its stock score. While technical analysis presents mixed signals, the company’s solid financial health and undervaluation relative to earnings provide a compelling investment case. The absence of earnings call and corporate events data does not impact the overall assessment.
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, focusing on the sale and distribution of vehicles and related services. The company is known for its global presence and partnerships with leading automotive brands, providing a wide range of automotive products and services to customers worldwide.
Average Trading Volume: 764,085
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.67B
See more insights into INCH stock on TipRanks’ Stock Analysis page.