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Inchcape ( (GB:INCH) ) has issued an update.
Inchcape plc has announced the purchase of 148,049 of its ordinary shares as part of its ongoing share buyback programme. The company intends to cancel these shares, reducing its total number of shares in issue to 367,579,476. Since the initiation of the buyback programme in March 2025, Inchcape has repurchased over 26 million shares at a cost of approximately £178.9 million. This move is likely 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 £735.00 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 ongoing share buyback program further supports shareholder value. However, technical indicators suggest caution due to bearish trends, which slightly offsets the positive outlook.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
Average Trading Volume: 790,858
Technical Sentiment Signal: Sell
Current Market Cap: £2.41B
For detailed information about INCH stock, go to TipRanks’ Stock Analysis page.