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Inchcape ( (GB:INCH) ) has issued an announcement.
Inchcape plc has announced the purchase of 102,666 of its ordinary shares as part of its ongoing share buyback programme, initiated on 4 March 2025. The company plans to cancel these shares, reducing its total number of shares in issue to 364,271,508. Since the start of the buyback programme, Inchcape has repurchased 29,623,511 shares at a total cost of £202,299,898.37, which reflects the company’s strategy to enhance shareholder value.
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
Inchcape plc is a multinational automotive distribution and retail company. It operates in the automotive industry, focusing on the distribution and sale of vehicles and related services across various global markets.
Average Trading Volume: 797,664
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.8B
See more data about INCH stock on TipRanks’ Stock Analysis page.