An announcement from Inchcape ( (GB:INCH) ) is now available.
Inchcape plc, a company engaged in a share buyback program, announced the purchase of 602,784 of its ordinary shares on April 28, 2025. The shares were acquired at prices ranging from 633.00p to 660.50p per share, with a volume-weighted average price of 650.02p. The company intends to cancel these shares, reducing its total number of ordinary shares in issue to 384,284,848. Since the start of the buyback program on March 4, 2025, Inchcape has purchased a total of 9,610,171 shares at a cost of £65,520,709.30. This move is part of Inchcape’s strategy to manage its capital structure and enhance shareholder value.
Spark’s Take on GB:INCH Stock
According to Spark, TipRanks’ AI Analyst, GB:INCH is a Outperform.
Inchcape’s stock score is driven by strong financial performance and an attractive valuation, supported by a significant share buyback program. However, bearish technical indicators and recent financial metric fluctuations inject caution, warranting careful monitoring of market conditions.
To see Spark’s full report on GB:INCH stock, click here.
More about Inchcape
YTD Price Performance: -15.53%
Average Trading Volume: 1,063,880
Technical Sentiment Signal: Buy
Current Market Cap: £2.5B
For an in-depth examination of INCH stock, go to TipRanks’ Stock Analysis page.