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An announcement from Inchcape ( (GB:INCH) ) is now available.
Inchcape plc has announced the purchase of 131,300 of its ordinary shares as part of its ongoing share buyback programme, which was initially announced on 4 March 2025. The company plans to cancel these shares, reducing the total number of shares in issue to 367,188,874. Since the start of the buyback programme, Inchcape has acquired over 26 million shares at a cost of approximately £181.5 million. This move is likely to impact the company’s share value and reflects its strategy to return value to shareholders.
The most recent analyst rating on (GB:INCH) stock is a Buy with a £9.20 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
Inchcape plc operates in the automotive distribution and retail industry, focusing on the sale and distribution of vehicles and associated services. The company is known for its global presence and partnerships with major automotive brands, aiming to deliver comprehensive automotive solutions to its customers.
Average Trading Volume: 780,863
Technical Sentiment Signal: Sell
Current Market Cap: £2.43B
See more insights into INCH stock on TipRanks’ Stock Analysis page.